LENDING GUIDELINES UPDATED: MARCH 2020 EDWARD A. MEYER C.H. - - PowerPoint PPT Presentation
LENDING GUIDELINES UPDATED: MARCH 2020 EDWARD A. MEYER C.H. (CHUCK) BROWN MARK W. BIRKLE Chief Operating Offi cer Founder & Equipment Manager SVP of Lending emeyer@chbrownco.com cbrown@chbrownco.com mbirkle@chbrownco.com MEET THE
UPDATED: MARCH 2020
EDWARD A. MEYER
Chief Operating Offi cer emeyer@chbrownco.com
C.H. (CHUCK) BROWN
Founder & Equipment Manager cbrown@chbrownco.com
MARK W. BIRKLE
SVP of Lending mbirkle@chbrownco.com
JANIE MARTINES
Offi ce Manager jmartines@chbrownco.com
JADE CUNDALL
Lender / Account Rep jcundall@chbrownco.com
JOEY PYE
Lender / Account Rep jpye@chbrownco.com
WYATT DUNLAP
Lender / Account Rep wdunlap@chbrownco.com
CARLY LITTLE
Lender / Account Rep clittle@chbrownco.com
FOUNDED IN 1995
Founded by C.H. Brown III, CHB is a small ticket equipment fi nance company located in Wheatland, WY.
BANK OWNED
CHB was purchased by a bank holding company, Platte Valley Companies, in 2008 of which it is still affi liated today.
ACTIVE IN OUR INDUSTRY
CHB is active in several trade associations including the AACFB, NEFA, NTDA and UTA.
BROKER DRIVEN
95% of CHB’s business is derived from relationships with Third Party Originators or Broker Partners.
(Start-Up Investors Not Considered)
(After 12 Months)
(In the Equipment Finance Business)
equipment requests
eet and 3 years in business
dismissal of a bankruptcy
signifi cant ties to the US; permanent resident is acceptable
net worth
verifi able evidence of a completed “fresh” overhaul
nances, cash out and lease saleback options are not permitted
“soft collateral”
These items must be submitted for approval on requests of less than $150,000
A credit application signed by the customer (electronic signature accepted).
An invoice/specifi cations sheet(s) detailing equipment being purchased.
CHB will contact each applicant for a brief customer
nancial statement will be taken
These items must be submitted for approval on requests of $150,000 or more
CREDIT APPLICATION
A credit application signed by the customer (electronic signature accepted).
INVOICE & EQUIPMENT SPECIFICATIONS
An invoice/specifi cations sheet(s) detailing equipment being purchased.
FULL FINANCIALS
Most recent year P&L, company Balance Sheet, PFS and previous 2 years tax returns are required.
PREP FOR CHB CUSTOMER INTERVIEW
CHB will contact each applicant for a brief customer interview. This will allow our lender to ask questions deemed necessary to the underwriting process.
*These supporting items are required to create the fi nancing paperwork.
Expect a credit decision by the next business day and in some cases, you will receive a same day decision.
On an approved credit request, our lender will forward terms for review and acceptance.
Upon customer acceptance of the Terms of Approval, supporting documents are needed to generate a contract. These supporting documents are listed on the “Terms” sheet.
Commissions are paid at time of loan funding. Volume based commissions structures may exist on an individualized basis.
FUNDING@CHBROWNCO.COM
Email used once documents have been sent to the customer and for funding coordination.
CLIENTSERVICES@CHBROWNCO.COM
Email used after funding to obtain pay-off s and for account information inquiries.
CREDIT@CHBROWNCO.COM
Submit all new credit requests to this email.