Security as well as covenant
The quality, value and saleability of the asset matter alongside the borrower's ability to pay.
Asset-based lenders
Credit training and interim cover for asset-based lenders
Lending against stock, debtors and equipment means judging both the borrower and the security behind the facility. Tulip supports asset-based lenders with credit training, consultancy and interim cover, so security is understood as well as the accounts.
Built for asset-based lenders teams
- Underwriters and credit analysts on secured and asset-backed books
- Portfolio and risk managers monitoring security and covenants
- Credit committees approving stock, debtor and equipment facilities
- Operations and monitoring staff who work with borrower reporting
What asset-based lenders teams need to get right
Reading the accounts behind the security
Stock, debtors and creditors in the balance sheet tell a story. Analysts need to read it properly.
Warning signs in the borrower
Deteriorating cashflow or reporting quality can appear well before a facility fails.
Governance and reporting
Funders and boards expect clear risk reporting and well-documented credit frameworks.
What delegates work on
Delegates work through real underwriting scenarios, not slides. They leave able to build a credit case and defend it.
Reading the accounts
What the P&L, balance sheet and management accounts really say about the borrower and its working capital.
Asset, supplier, customer
Weighing the security, the suppliers and the customers behind it.
Warning signs and red flags
Spotting the early indicators that are easy to miss under pressure.
Finance products
How different structures work and where the risk really sits. Stock finance is also available as a topic of enquiry.
Interim & contract cover
Need cover while you hire?
Tulip offers interim and contract cover across credit and risk management, portfolio management, risk reporting and governance documentation, which suits asset-based lenders needing experienced oversight during a vacancy or a busy period.
About interim cover →Frequently asked questions
Do you cover stock finance?
Stock finance is one of the topics you can enquire about. Tell us about your needs and we will come back with options.
Can you review our credit policy or risk appetite?
Governance documentation, including credit policies, frameworks and risk appetites, is one of Tulip's areas of experience.
Is consultancy available as well as training?
Yes. Consultancy and project management are available alongside training and interim cover.
Other industries
Let's plan your team's training.
Tell us about your team. We'll come back with dates, a suggested agenda and a quote.
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