Payne Equipment LLC. Your Name: 1. Read the case narrative. Identify the amount and type of uses outlined in the case narrative and identify the requested amounts and type of funding to supporting the uses (needs).
Payne Equipment LLC.
Your Name:
1. Read the case narrative. Identify the amount and type of uses outlined in the case narrative and identify the requested amounts and type of funding to supporting the uses (needs).
Uses
Sources
2. Identify the commitments that the insurance company is requiring as a condition for extending the credit.
3. Who would have the first lien on the purchased building? Given your response, would you be comfortable as the account officer in meeting the new request? Explain.
View Rubric
Payne Equipment Case
Payne Equipment Case
Criteria
Ratings
Pts
Identification of the Payne’s Sources and Uses of Funds
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6 pts
Full Marks
Students correctly identifies most of the sources and the uses of funds from the narrative.
4 pts
Partial Answer
Student response to questions but demonstrates difficulty distinguishing between the sources and uses of funds.
0 pts
No Marks
No response provided.
/ 6 pts
Insurance company requirements for making the loan.
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7 pts
Full Marks
A student identifies the support the insurance company requires from the bank to complete the transaction.
5 pts
Partial answer
A student identifies portions of the insurance requirement, but not all of the requirements.
0 pts
No Marks
No response provided.
/ 7 pts
Identification of first lien holder and recommendation
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7 pts
Full Marks
A student correctly identifies the party that has the first lien on the property and provided justification for the decision on granting or rejecting the loan request.
5 pts
Partial Answer
A student does not identify the first lien holder but provides explanation of whether he or she would grant or reject the loan request.
0 pts
No Marks
No response given.
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