1. Loan Memo
The loan memo should contain the following additional information:
● The borrower and guarantor(s) name and address.
● A summary of the loan request including a statement of:
○ amount/structure,
○ rate,
○ term,
○ fees,
○ statement of collateral and estimated value, and
○ summary of loan conditions and covenants.
● A summary of the sources and uses of the loan proceeds (particularly useful for term loans,
real estate acquisitions and construction).
● Summary of debt service coverage and cash flow information.
● Detailed presentation of:
○ the business’s history, products or services and competitive market;
○ cash flow analysis of borrower and guarantor(s); and
○ financial and collateral analysis of borrower and guarantor(s).
● Summary of the request’s strengths and weaknesses.
● Loan officer-assigned risk rating with explanation.
● Environmental assessment requirements.
● Explanation of any documentation or underwriting exceptions.
About the Author
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