How to Approach FINPACK: A Step-by-Step Guide
FINPACK offers a wealth of tools and functionality, and it can be hard to know where to start. Our step-by-step guide offers a broad overview of the tools and the best way to approach credit analysis in FINPACK. You’ll find links throughout to more detailed guides for each section as well as our white paper in the FINPACK Knowledge Base.
How To Learn FINPACK
FINPACK offers multiple training resources, including in-person, online and customized training options.
Loan Refinancing in a FINPACK Projection
Refinancing loans is a common strategy for business owners facing reduced profits and tight cash flows. By reviewing repayment capacity measures, you can assess a borrower’s ability to repay debts on time. The Debt Coverage Ratio is a reliable indicator of whether the business generates enough income to cover current interest expenses and all intermediate and long-term debt payments. It is important to realize the calculation of these repayment capacity measures includes non-farm income and debt, so reflect the full picture of the borrower’s debt repayment abilities and do not solely reflect business performance.
FINPACK Lender Training – Register Now
Registration is now open for the next in-person FINPACK Lender Training session, May 7th & 8th, right here on the University of Minnesota, St. Paul campus. FINPACK lender training offers lenders two days of practical, hands-on training with insights into all the components of FINPACK.