Loan Purpose Code

The code identifying the purpose of the loan.

Note  Your system administrator creates the codes.

Tip  Within Data Mgr and the Risk Dashboard, you can filter data based on the loan purpose category and code. (For Loan Schedule customers, the code appears on the Loan Schedule Detail and Credit Relationship Detail screens.)

Interest Pmt/Yr

Drop-down list determining whether you can enter an amount in the Interest Pmt/Yr field on the Debt Schedule screen or if the amount is automatically calculated.

Select one of the following in the drop-down list:

•     Open—This option enables you to enter an amount in the Interest Pmt/Yr field.

•     Calculated—This option automatically calculates the amount in the Interest Pmt/Yr field based on the interest rate, principal balance, and the term of the loan.

Principal Pmt/Yr

Drop-down list determining whether you can enter an amount in the Principal Pmt/Yr field on the Debt Schedule screen or if the amount is automatically calculated.

Select one of the following in the drop-down list:

•     Open—This option enables you to enter an amount in the Principal Pmt/Yr field.

•     Calculated—This option automatically displays the amount in the Prin. Bal. field in the Principal Pmt/Yr field.

Type of Loan

The user-defined type of the loan.

Enter a type in this field.

Class Code

The code number or description for the loan.

Collateral Code

The code identifying whether the loan is secured or unsecured, according to the type of account (Agriculture/Commercial/Personal).

Note  Your system administrator creates the codes.

Origination Date

The date that the loan was made or approved.

Use one of the following methods to enter the date:

•     Enter the date using one of the following formats:
MM/DD/YYYY or MM/DD/YY

•     Click to select the date from the calendar.

Saleable

Check box indicating that the loan can be resold.

Present Commitment

The amount that pertains to an operating loan or a line of credit.

This amount can be the same as the current principal balance, or a requested amount in addition to the current principal balance.

Depending on your Payment Method, select one of the following:

•     Calculated

•     Open

Select Open to change the amount shown and to enable the Increase - Decrease field.

Original Amount

The loan amount at the time of origination.

Maturity Date

The date that the loan matures.

Use one of the following methods to enter the date:

•     Enter the date using one of the following formats:
MM/DD/YYYY or MM/DD/YY

•     Click to select the date from the calendar.

Increase - Decrease

Amount that adjusts the Present Commitment amount field to determine the Proposed Commitment

Enter a positive or negative amount.

Past Due Amount

The amount currently past due on this loan.

Proposed Commitment

The amount that is based on the Present Commitment and the Increase - Decrease adjustment.

To Collateral Analysis

Drop-down list indicating which amount should be displayed on a Collateral Analysis screen.

CCC Loan?

Check box determining whether to activate the Cash or Loan options for Commodity Credit Corporation (CCC) loans.

Note  The CCC is a government-owned and operated entity that aids producers through loans, purchases, payments, and other operations related to agricultural commodities.

DCL

Check box determining whether the loan is a Depreciable Capital Loan (DCL).

DCLs are related to Farm Credit Associations. This field appears when NCur. is selected in the Loan Type field.

Fixed or Variable

Drop-down list indicating whether the interest rate on the loan is Fixed, Variable, or Other.

You can enter details in the text box to the right of the Fixed or Variable drop-down list.

Note  When entering rate information, we recommend that you limit the content to the boundaries of the
           text box. Entering information that exceeds what can be viewed in the text box will cause the Credit
           Relationship component to truncate far right columns in the Credit Action Print Preview (CAPP)
          feature and on printed reports.

Term (in Months)

Number of months between the origination date and the maturity date

Amortization (in Months)

Number of months over which the loan is being, or will be, amortized.

Purpose of Loan

A description of the reason for the loan.

You can enter a unique description of what the loan will be used for in this field. The description can be up to 200 characters (including spaces) in length. Loan purpose information flows through the Credit Relationship and Collateral Analysis features, including credit action group components and reports.

Note   Longer loan purpose descriptions will extend the length of Lending Cloud pages that contain the
            loans and the length of credit actions and reports.  

Pro Forma Amount

The pro forma amount.

To enter or change this amount, select Open and enter the principal and interest amounts for the loan.

Note   Businesses are often asked to submit pro forma statements when applying for a loan. Pro forma financial statements show income and expenses that may be recognized in the future. For example, a loan request for financing an inventory purchase would usually include a pro forma statement that shows the impact of the amount borrowed on current assets and liabilities using the most recent balance sheet.

Adjusted Liabilities

The fields below this heading are used for dual-column balance sheets.

BS Column

Drop-down list determining whether amounts in the Adjusted Liabilities area appear in the column set to Adj Value or Value on a balance sheet that is linked to the debt schedule.

Input

Drop-down list determining whether the following adjusted liabilities fields are open for entry or are calculated by the application.

•     Accrued Interest 

•     Principal Balance 

•     Principal Payment / Yr. 

Principal Balance

The adjusted principal balance amount.

To enter an amount in this field, select Open in the Input drop-down list. If you select Calculated in the Input drop-down list, this amount matches the amount in the Prin. Bal. field. This amount appears on a linked balance sheet in the column type selected in the BS Column drop-down list.

Accrued Interest

The adjusted accrued interest amount.

To enter an amount in this field, select Open in the Input drop-down list. If you select Calculated in the Input drop-down list, this amount is calculated by the application. This amount appears on a linked balance sheet in the column type selected in the BS Column drop-down list.

Principal Payment / Yr.

The adjusted principal payment per year.

To enter an amount in this field, select Open in the Input drop-down list. If you select Calculated in the Input drop-down list, this amount matches the amount in the Principal Pmt/Yr field. This amount appears on a linked balance sheet in the column type selected in the BS Column drop-down list.