Using tax returns and bank statements to credit assess loan requests Part 1 and Part 2

This is a three hour webinar in two parts covering the following:

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

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