Economic Risk Factor Update: April 2024 [SlideShare]
Transfac Referral Program
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9. (22) FUND Fund Credit (21) Audit Summary complete, signed by Credit Committee Audit Summary Credit (20) Schedule on-site audit if needed. Operations (19) Invoices verified Legal (18) PSA and documents reviewed and scanned Prospect (17) PSA returned with all outstanding docs and INVOICES Signed PSA Sales Mgr/Legal/Credit (16) PSA negotiation Sales (15) PSA and cover letter sent to prospect PSA Sent Legal (14) Create and review PSA Sales (13) If information gives bad result, or information insufficient , return to person who generated application to get more information or to turn down. (12) Sales hands prospect off to Underwriting for analysis Legal/Credit (11) Create underwriting file, file UCC, check corp status, review client credit report, review A/R aging, review debtors and their credit, dilution analysis, concentration issues, create account worksheet, modify sales write-up. Prospect (10) Signed LOI, due diligence, and supporting documents returned by prospect to sales Signed LOI Sales (9) LOI negotiations with prospect Sales (8) LOI sent to prospect and RA informed LOI Sent Sales and Credit (7) Approval of LOI/Proposal Credit (6) D&B for UCC/tax liens and check of debtor credits Sales/Broker (5) Initial sales write-up including proposed pricing Sales (4) Application & all supporting documents scanned and attached to ACT/shared drive Sales/Broker (3) Application received. (at least app and AR aging/debtor info) Applicant Sales/Broker (2) Applications generated Sales/Broker (1) Leads generated Prospect WHO WHAT STAGE