Thank you for choosing Cash Flow Specialists, Incorporated, to assist you in the structuring and placement of your Company’s senior secured financing. We have prepared a listing of the items and questions which we require to complete our analysis.
- DESCRIPTION – Please describe your loan request as simply as possible:
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- Amount of funding sought. _________________________________________
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- Proposed uses of funding. (Debt retirement, operating capital, new equipment, etc.)
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- _______________________________________________________________
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- Timing expectations for the new loan. _________________________________
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- What other sources of financing have been sought? What were the reasons for decline? Please attach any term sheets or proposal received.
- B. REQUEST LIST – Our analysts require copies of the following books and records:
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- Account/Receivable Agings,-Current period
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- Account/Payables Agings -Current period
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- Accountant prepared financial statements for the most recent FYE (fiscal year ended) plus the prior two years and monthly or quarterly for the last year (can be management compilations)
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- Current and prior year’s internally prepared YTD (year to date) interim financial statements. (can be management compilations)
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- Excel projections for the next 12 months plus the next two years
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- Personal financials of shareholders holding 10% or more.
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- Loan documents for any company loan outstanding.
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- Completed questionnaire
PLEASE UPLOAD YOUR DOCUMENTS TO THE CLIENT PORTAL
IN THE FOLLOWING FORMATS:
MICROSOFT WORD & EXCEL (2003), PDF, TEXT FILE, OR LOTUS
QUESTIONNAIRE
Please answer the following questions to help complete our report:
- I. General Information
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- Borrowers full complete and correct legal name
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- ___________________________________________________________________
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- B. Place of Business
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- Principal location
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- _________________________________________________________________
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- _____________________________________________________________
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- _____________________________________________________________
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- All other locations where assets of Company are presently in existence (including locations where assets are in control of third parties, i.e., warehouses).
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- _________________________________________________________________
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- _____________________________________________________________
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- _____________________________________________________________
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- C. Officers Name Years Employed
- Chairman __________________________________________________
- President __________________________________________________
- Vice President ______________________________________________________
- Secretary __________________________________________________
- Treasurer __________________________________________________
- Controller __________________________________________________
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- Bookkeeper __________________________________________________
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- Shareholders over 10%:
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- Name % Owned
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- _________________________ ______________________________________
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- _________________________ ______________________________________
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- _________________________ ______________________________________
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- _________________________ ______________________________________
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- General Company Information
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- Manufacturer/Wholesaler/Service/Other
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- Products Handled________________________________
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- Geographic Marketing Area
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- Customer Base _________________________________
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- Date/State of Incorporation_________________________
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- State where qualified to conduct business
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- Closely Held , Sub chapter “s” , Public
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- Trade Names: _________________________________________________
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- List patents, trademarks, royalty agreements and copyrights
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- (that may be used for collateral)
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- ______________________________________________________________
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- ______________________________________________________________
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- ______________________________________________________________
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- ______________________________________________________________
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- Are Financial Statements Audited (____), Reviewed (____) or Compilations (____)? Explain if qualified _______________________________________
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- _____________________________________________________________
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- Number of Employees ______________________________________
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- Is there a union contract? If so, expiration? .
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- Is any litigation outstanding, pending, or threatened against the Company or any of its principals?
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- List any background issues that may be discovered during lender due diligence
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- Describe any other information that may potentially impede a financing from occurring and not mentioned anywhere else.
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- Name the top three competitors and relative mark share:
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- Name % of Market Share
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- _______________________ _______________________________________
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- _______________________ _______________________________________
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- _______________________ _______________________________________
II. Accounts Receivable
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- A. General Information
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- Is the aging aged by invoice date or due date?
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- Selling Terms:
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- Any dating/special terms?
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- Any consignment sales?
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- Does the Company(s) drop-ship product? Percentage %.
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- Do customers pre-pay or make deposit payments? If so, explain how they are booked.
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- Are there progress billings, retainages?
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- Are there sales to the U.S. Government? . Total annual sales $ as a % of total sales %.
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- Are there cash sales? . Total annual cash sales $ , as a % of total sales
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- Are there foreign accounts? % of Receivables _____________
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- Are signed purchase orders or contracts obtained? _____________
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- Does Company(s) have credit insurance? Please Describe: ________________
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- __________________________________________________________________
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- List all customers that the Company(s) also buys or obtains services from. What Countries?
- Debtor A/R Balance
- __________________________ __________________________________ __________________________ __________________________________ __________________________ __________________________________
- __________________________ __________________________________ __________________________ __________________________________
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- What is the Company(s) historical dilution rate (credit memos issued divided by sales) for the YTD period and last FYE?
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- Does the Company(s) offer any limitations on returns or allowances including any contracts in regards to right of return caps?
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- Provide the top three customers (name and address) and percentage of sales:
- Customer (Name & Address) Percentage of sales
- _____ ________________________
- _____
- _____
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- Please attach a customer master listing including names and addresses
III. Inventory
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- Method of Valuation: FIFO, LIFO, Average, Other ______________________
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- Method of Reporting: Perpetual, Physical, G/P%, Other ___________________
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- Location(s):
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- 1. _______________________ $ ___________________________________
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- 2. _______________________ $ ___________________________________
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- 3. _______________________ $ ___________________________________
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- Does Company(s) have consigned (vendor) inventory? ____________________
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- _________________________________________________________________
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- If yes, is it segregated? _________________________________________________
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- Does Company(s) have customer inventory? _____________________________
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- _________________________________________________________________
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- If yes, is it segregated? ______________________________________________
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- Describe (include amounts):
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- Raw Materials $___________: ______________________________________
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- __________________________________________________________________
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- __________________________________________________________________
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- __________________________________________________________________
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- Work-in-Process $___________: ____________________________________
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- ________________________________________________________________
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- __________________________________________________________________
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- Finished Goods $___________: _____________________________________
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- ________________________________________________________________
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- __________________________________________________________________
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- Other $___________: ________________________________________
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- ________________________________________________________________
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- __________________________________________________________________
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- Has inventory been appraised? _________________
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- Appraisal Value _____________________________________
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- Appraisal: Date _______________ Appraiser _________________
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- Type: Fair Market Value ( )
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- Orderly Liquidation Value ( )
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- Forced Sale Liquidation Value ( )
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- Other(Specify): ( )
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- Are there reserves booked against inventory? _________ If yes, provide details.
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- __________________________________________________________________
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- __________________________________________________________________
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- Are pre-sold finished goods separated from stock finished goods? What percentage of finished goods are made to stock?
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- ___________________________________________________________________
IV. Machinery & Equipment
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- General
- Description: _________________________________________________
- Appraisal Value, if any?________________________________________
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- Appraisal: Date _______________ Appraiser _________________
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- Type: ______________________
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- Fair Market Value ( )
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- Orderly Liquidation Value ( )
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- Forced Sale Liquidation Value ( )
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- Other (Specify): ( )
V. Real Estate
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- Description: ____________________________________________________
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- ______________________________________________________________
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- Appraisal Value, if any?_____________________________________
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- Appraisal: Date _______________ Appraiser _________________
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- Type: ______________________
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- Fair Market Value ( )
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- Orderly Liquidation Value ( )
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- Forced Sale Liquidation Value ( )
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- Other (Specify): ( )
VI. Accounts Payable
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- General
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- Approximate Number of Vendors: _____________________________
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- Number with Open Balances? ________________________________
VII. Other Debt – Please fill out the following debt schedule, include secured and unsecured debt:
Holder | Security | Total | Monthly Pmts | Current Portion | Date Due |