The CDC's credit memorandum also covers: ratio analysis (current ratio, debt to tangible net worth, DSC and industry ratios) against industry trends; owners' and managers' experience, credit history and daily involvement; collateral, lien position and any deed restrictions; its life insurance determination and amount; personal credit reports for all guarantors and individual co-borrowers within 90 days of the loan number (or of submission); verification that the Applicant is current on all federal, state and local taxes; confirmation of no prior loss or delinquent federal debt; delinquencies, judgments, liens, bankruptcies, litigation and tax filings; two (or three) years of affiliate statements with a debt schedule; independent studies where useful (and a feasibility study when SLPC requests one); and findings that the Applicant is eligible, that any interim loan does not fund the contribution and comes from a qualified, independent non-SBA source, that the Third Party Loan meets amount, term and rate conditions, that seller financing is subordinate and not prepaid without consent, that no proceeds benefit Associates, the debenture pricing, EPC lease conditions, the debenture limits and use of proceeds, and whether a special purpose program bars PCLP approval.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.