Using tax returns and bank statements to credit assess loan requests Part 1

This webinar combining two parts gives lenders a practical knowledge of tax forms/bank statements and how to use them in assessing loan requests. :

Part One

• Understanding how self-employed borrows are taxed
• Understand the tax forms self-employed borrowers will show you-focus on understanding Form 11 and Tax Assessments
• Discuss tax clearance certificate
• Understand the concept of revenue audit
• Use SE/TE case study to apply this knowledge
• Some key takeaways

Part Two

• A practical structured method to analyze bank statements to assist in making a lending decision
• Review the borrower request
• The concept of drawings
• A template to examine the ability of a business to pay drawings
• Assessing ability of SE/TE to repay -using information from tax documents and bank statements
• Case Study – Proprietary company director/rental income