Documentation & Compliance

In many cases, a credit facility will not fall into a traditional account receivable and inventory collateral field exam, but align more with documentation and compliance review.  Many of these credit facilities involve hard money lenders and equipment leasing & financing.

 
While there is still ample collateral to support the credit facility and lending, the credit facility is mainly governed by a documentation and compliance review. These engagements are customized to specifically check, on a sample basis, if the borrower has obtained all of the required and necessary documentation and is in compliance with the credit facility agreements.

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Equipment lease financing engagements are customized to review and confirm, on a sample basis or a predetermined listing of transactions, that all proper documentation has been obtained and included in the files, and that all cash receipts are being remitted back to the lenders, promptly.  

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This can include:

• Checking proper promissory notes or loan agreements
• Checking credit scores and financial affidavits
• Confirming adequate and current appraisal information and recalculating the age of notes, as it relates to the credit facility requirements