Normally the instructions for a pre-lending and/or refinance review would emanate from a financier or potential financier. Such a review would also entail attending the premises of a business to consider the present financial position of the business and its short to medium term viability by reference to profit & loss and cash flow forecasts. However in this case, particular attention is given to:
- the value of the security already available to the financier or the value of the security to be made available to the financier to secure its exposure or potential exposure pursuant to funding agreement(s).
- the ability of the borrower to meet on going monthly commitments under the finance agreement(s).