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Services
Field Examination
Problem Loan Workouts
Monitoring Services
New Loan Surveys
Restructuring & Turnaround
Loan Manager
Training
WE TRAIN YOU Program
Training Seminar Schedule
Field Examiner Seminar
Account Manager Seminar
Operations/Collateral Seminar
Inventory Seminar
Financial Analysis Seminar
Intro To ABL Seminar
ABL For Underwriters
Seminar Evaluation
Seminar Reviews
The Book
About The Author
Testimonials
Enterprises
Contact Us
Events
Home
Services
Field Examination
Problem Loan Workouts
Monitoring Services
New Loan Surveys
Restructuring & Turnaround
Loan Manager
Training
WE TRAIN YOU Program
Training Seminar Schedule
Field Examiner Seminar
Account Manager Seminar
Operations/Collateral Seminar
Inventory Seminar
Financial Analysis Seminar
Intro To ABL Seminar
ABL For Underwriters
Seminar Evaluation
Seminar Reviews
The Book
About The Author
Testimonials
Enterprises
Contact Us
Events
Intro to ABL Seminar Outline
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Intro to ABL Seminar Outline
Intro to ABL Seminar Outline
Course Outline
RATIONALE FOR AN ASSET BASED LOAN (“ABL”)
ABL, A BRIEF HISTORICAL OVERVIEW
UNDERSTANDING THE CASH CONVERSION CYCLE AND ITS ROLE IN ABL.
ESTABLISHING AN ABL AREA.
UNDERSTANDING THE BUSINESS AND THE ASSOCIATED RISKS ON COLLATERAL
THE ECONOMICS OF ABL.
DOMINION OF CASH ISSUES
ACCOUNTS RECEIVABLE AS COLLATERAL
Aging Analysis
How are Receivables aged?
Invoice date vs. due date (impact on eligibility parameters)
Aging codes, what they mean (impact on eligibility)
Detail aging vs. summary agings
Spread analysis, analyzing the current aging using comparables.
Matching turnover, using Receivable statistics compared to spread movement
Credit extension and collection procedures
Analyzing Receivable concentration and understanding the customer base.
Analyzing delinquent accounts
Ineligibility issues (what, how much and why)
Test of authenticity (shipping, verifications, credit memos, subsequent payments)
What is Dilution?
Advance rates consideration
Other issues (cash control mechanisms, reporting considerations, etc.
INVENTORY AS COLLATERAL
Initial lending considerations
Condition and existence questions
Aging of inventory
Purchase vs. sales
Historical CPA book to physical adjustments
Treatment of returns
Handling of slow and obsolete inventory
Calculating turnover the ABL way
Tour of the Facility
Recordkeeping systems
Classification of Inventory
Raw Materials/ Work In Progress/ Finished Goods
In – Transits
Tests of Authenticity
Ineligible Inventory
Insurance
Advance rate consideration
REPORTING METHODOLOGIES
CASE STUDIES