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How Does a Lender Determine Whether to Renew My Line of Credit?

How Does a Lender Determine Whether to Renew My Line of Credit?

It is just like school - you take the exam and your answers show your financial health

  1. Do you have a balance sheet and an income statement?
  2. Do you have enough cash or liquid assets to pay off your short-term debt?
  3. Do you have more assets than liabilities?
  4. What is your rate of return on farm assets?

Lenders calculate financial ratios from the data on your balance sheet and income statement to analyze your financial position.



Workshop Agenda

Time Topic
5:30 p.m. Meal
6:00 p.m. Discussion of the balance sheet, cost or market values, etc. and the ratios calculated from balance sheet data – Extension
6:30 p.m. Discussion of the income statement, why accrual-adjusted, etc. and ratios calculated from income statement data – Extension
7:00 p.m. Break
7:15 p.m. A lender's perspective on financial analysis, which ratios are more important when evaluating a loan application, and other considerations – Lenders
8:00 p.m. The importance of records and an introduction Quickbooks online and FinPack – Extension

Locations, Dates, and Registration

Registration Fee: There is a registration fee of $10 per person. Pre-registration is strongly encouraged. Programs with fewer than 10 individuals pre-registered will be canceled.

TO REGISTER: (1) online and pay via credit card, click the Register link for your preferred workshop below; or (2) mail a check to 301 O. D. Smith Hall, Auburn University 36849-5608 made payable to Auburn University specifying the location and workshop; or (3) call (334) 844-5100 to register by phone.


County Date Location Contact

For additional questions about the program email Robert Tufts or call (334) 734-2120.

Instructor: Robert A. Tufts

Robert is an Emeritus Professor at Auburn University where he taught for 36 years. He is currently a Visiting Professor with the Alabama Cooperative Extension System. He earned a B.S. and M.S. in forestry from Louisiana State University and a Ph.D. in forestry from Virginia Tech. Robert has been an attorney since 1997 after earning a J.D. from Jones School of Law, Faulkner University and later an LLM (in taxation) from the University of Alabama. Robert teaches classes and presents workshops on estate planning, agricultural law and tax, property law, choice of business entity, and taxation of timber. He also has a part-time law practice concentrating in estate planning, tax and issues affecting landowners.