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Business Loan Doc 1: Non-Collateral Issues

Business Loan Doc 1: Non-Collateral Issues

 

Who Should Participate

All business leaders, credit analysts, loan reviewers, lending managers, bank presidents, loan assistants and loan secretaries.

Make your attendance count towards your continuing professional education credits! The MBA will provide a certificate of attendance that you may submit to the appropriate advisory board.

 

Topics

Many individuals think of collateral when they hear the word documentation. However, while collateral is certainly an important part of documentation, it is not the only important part. The focus of the course is on the non-collateral part of documentation and emphasis is therefore placed on understanding the logic behind general documentation requirements rather than highly-technical legal reasoning or unusual documentation situations.

Topics to be covered:

  • Three golden rules of loan documentation
  • Most important loan documentation question
  • Loan documentation as a part of the credit decision-making process
  • Determining loan purpose
  • Borrowing identification and signature requirements for sole proprietorships, partnerships and corporations
  • Guarantor issues
  • A generalized guaranty framework
  • Corporate guaranty issues
  • General third party liability issues
  • Components of a typical loan agreement
  • Advantages and disadvantages of loan agreements
  • Subordination issues

Presenter

John W. Reik is the founder and president of John Reik & Associates LLC, Business Training and Consulting, which can be found on the web at johnreik.com. This Minnesota-based firm, founded in 1980, works primarily with banks and bank trade associations.  In addition, John has been a lecturer and Assistant Professor of Finance at the University of Minnesota for over 35 years and spent eight years as the senior credit trainer and manager of Credit and Finance Education for First Bank System [now U.S. Bank.]  Previous to his position at the University of Minnesota, John worked as a financial analyst in the Automotive Assembly Division of Ford Motor Company. John is an honors graduate of Purdue University and the University of Minnesota and holds degrees in management, accounting, finance, and law.  He is past chairman of Robert Morris Associates' Minnesota Chapter Education Committee, a licensed attorney, and a member of the Better Business Bureau's Senior Council of Arbitrators.

Registration Fee (This fee includes materials, lunch and refreshments)

Member: $295.00
Qualified Non-Member $590.00

Note:  You will be given the option to pay by credit card or to invoice your company during the checkout process.

Dates & Times

October 16, 2019
Check in: 8:45 AM
Program: 9:00 AM - 4:00 PM

Location

Minnesota Bankers Association
8050 Washington Avenue South
Eden Prairie, MN  55344
Click here for directions

Lodging

Lodging arrangements can be made at: Hyatt Place, Eden Prairie. Click here to make an online reservation, or call 952-944-9700 - dial “0” for the front desk, (Ask for the Minnesota Bankers Association rate of $148.00, plus tax)

Cancellation Policy

The MBA reserves the right to cancel programs due to insufficient enrollment, instructor illness, or other reasons. Participants wishing to cancel must inform the MBA in writing prior to the event. Send cancellation notices to maryh@minnbankers.com. A cancellation fee of 25% of the program cost will be charged for withdrawing, or you may send a substitute. The full program fee will be charged for withdrawing after the event has taken place or a no-show. 

Special Needs

If you have a disability that may affect your participation in this program - or any dietary issues - please send a statement regarding any special needs to maryh@minnbankers.com at least two weeks prior to the program. We will contact you to discuss accommodations.
When
10/16/2019 9:00 AM - 4:00 PM
Where
Minnesota Bankers Association 8050 Washington Avenue South Eden Prairie, MN 55344

Please note that you must be logged in to register online