Description
Governs credit products and pricing. Covers: medium-term loans (1 to 3 years) and typical uses (equipment, machinery, leasehold improvements, cultivation); syndicated loan evaluation; who sets rates; risk-based pricing using credit score and security; pricing factors (administration cost, cost of funds, servicing cost, risk); competitiveness with the Canadian market; maximum repayment period; restrictions on operating lines of credit; required financial ratios (debt service coverage, debt to equity, GDS and TDS benchmarks); interest-only periods; and first payment timing.
