Posts by thayer

What is the objective of the inspection? The inspection is performed by a third-party consulting firm and is used to confirm the accuracy of the data that the borrower has provided and that the borrower is in compliance with the loan agreement.  The inspection also assesses how the borrower’s infrastructure and policies enable compliance or…

What is the Field Exam? Your lender will appoint a third party to verify and analyze the information you’ve provided about your AR. This helps the lender gain greater confidence in the value of your AR and better understand the receivables’ performance. Lenders use these findings to determine the size of their commitment, the advance…