Does someone have a list of bank covenants they are willing to share?
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by a searcher
from Harvard University - Harvard Business School
in Fort Wayne, IN, USA
in Fort Wayne, IN, USA
5yrs ago
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by a lender
5yrs ago
from California State University, Sacramento in Seattle, WA, USA
from California State University, Sacramento in Seattle, WA, USA
Good comments so far on usually including an EBITDA turn max for SR and TOTAL debt and min FCCR. The specifics of the actual covenants could also depend on many other factors such as liquidity and investment thesis impacts to cashflow and balance sheet. There are both financial and non-financial covenants. We customize covenants to optimize the servicing experience per the operating realities of each conventional deal we do.
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by a professional
1yr ago
from University of Southern California in North Palm Beach, FL, USA
from University of Southern California in North Palm Beach, FL, USA
Email me, not DM, and I'll confidentially share insight with you, including what you need to know about the good and bad for each kind of covenant. In PDF format by reply email. Mostly, keep in mind, that lenders get paid no matter what, especially when they say hello to your personal guarantee and you say goodbye to your money and maybe your company.
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