types of loans- fin4324

SPECIAL MENTION
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Terms in this set (11)
SPECIAL MENTION
asset has potential weaknesses deserving management's attention
SUBSTANDARD
inadequately protected by the worth and paying capacity of the obligor or collateral pledged
DOUBTFUL LOANS
all weaknesses inherent of Substandard with additional weaknesses making collection or liquidation improbable
LOSS
uncollectible and of such little value that continuance as Bank assets not warranted
ASSET BASED LOANS
Business loan secured by collateral (inventory, accounts receivable, equipment and/or other balance-sheet assets)
SYNDICATION- SHARED NATIONAL CREDITS
Loan extended to a borrower by a supervised institution or any of its subsidiaries and affiliates which aggregates $100 million or more
COMMERCIAL TERM LOAN
Business loan typically used to fund major capital expenditures and/or cover operational costs
International Trade Credit
Loan given to importers specifically to finance the purchase of capital goods and services.
Working Capital Loans
Loan that is taken to finance the everyday operations of a company used to cover accounts payable, wages, etc. (not used to buy long-term assets or investments)
Commercial Real Estate (CRE)
Loan secured by a lien on commercial property, any income-producing real estate used solely for business purposes, such as retail centers, office complexes, hotels and apartments
ResidentialLoan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other security interest on a dwelling