To complete a credit analysis on a current or prospective borrower, an accurate balance sheet is crucial. Actually getting balance sheet information from a customer is even more crucial. Having a streamlined way to get balance sheets saves both the bank and the borrower time. FINPACK Lite, a free balance sheet-only version of FINPACK available to bank customers, makes collecting balance sheets easier. As a Lender with FINPACK, you have the rights to distribute FINPACK Lite to your customers.
The Process
When borrowers download FINPACK Lite by typing z.umn.edu/FINPACKLite in their browser they will launch the program installation. Once installed, customers can easily and accurately enter their balance sheet information. The customer can either email their balance sheet file to you, or they can bring a flash drive to the bank and you can simply import their balance sheet copy into their file. Letting your customers know about this FINPACK feature will save you both time. Call us today at 1-800-234-1111 for more information or tips on using FINPACK Lite.
Pauline Van Nurden is currently the Associate Director for the FINPACK Team. She has been with the team since 2017 as an Economist.
Prior to joining the FINPACK Team, she worked as a lender. This provides her valuable industry experience and knowledge in her work with FINPACK. Pauline holds a Master’s Degree in Agricultural Education and Bachelor’s Degree in Applied Economics, both from the University of Minnesota.