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Normalizing Unusual Financial Statements
When looking at a 3-year spread, what do you do if one of the statements is a substantial outlier? How can you establish a reasonable expectation of ability to repay? We know that past performance is not a promise of future results, but when it comes to statement spreading and loan underwriting- especially for small […]
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Benefits of a Tickler System Software
Because so many of our clients were keeping up with ticklers in Excel prior to switching over to FISCAL TRACKING, we sometimes have a tendency to focus on how Excel might be Slowing down your Efficiency. When tracking in Excel, people often tell us that they’re frustrated with the complete lack of standardization and consistency, […]
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How FISCAL Helped Banks and Credit Unions During COVID-19
The COVID-19 pandemic has changed the way people run their businesses indefinitely. Not only have we had to get used to new restrictions, working conditions, and hours, but we’ve also had to find different methods of addressing unique financial challenges. Whether due to the shutdown or any number of other factors, community banks and credit […]
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How to Correctly do a Debt Service Coverage Analysis (DSCR)
A good debt service coverage ratio analysis is the primary factor in demonstrating a business’s ability to meet its debt obligations. To complete a debt service analysis, lenders calculate the debt service coverage ratio (DSCR). DSCR may seem simple enough, Cash Flow Available divided by Debt Service, but ensuring a debt service coverage ratio formula […]
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Global Cash Flow Analysis: How to Get it Right
When it comes to small business lending, you already know that conducting a global cash flow analysis is a must. These businesses may not cash flow sufficiently on their own, so you have to know how to evaluate cash flow, and look at the owners/guarantors and even related entities too, and performing a global cash […]
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How Excel Might be Slowing Down your Efficiency- FISCAL SPREADING
Decades ago, the introduction of spreadsheet software mostly eliminated the physical act of “spreading” financial statements, running ratios on a calculator or creating a cash flow analysis by hand on a yellow legal pad. Most community banks and credit unions, regardless of size, turned to Excel for statement spreading and financial analysis, in the hope […]
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How Excel Might be Slowing Down Your Loan Tracking Efficiency – FISCAL TRACKING
As an institution grows, keeping up with financial statements and tickler tracking often becomes a frustrating and time consuming task. The farther you fall behind, the more time it takes. Many community banks and credit unions, regardless of size, turned to using Excel for tickler tracking years ago, in the hope that it would streamline […]
