Depending on the transaction, the Bank may evaluate:
- financial statements and financial condition;
- revenue and operating cash flow;
- historical and projected debt-service capacity;
- existing liabilities and financial commitments;
- transaction and banking history;
- account relationship with Prominence Bank;
- requested loan amount and tenor;
- purpose and intended use of proceeds;
- primary source of repayment;
- business model and commercial activity;
- ownership and corporate structure;
- proposed collateral and its enforceability;
- jurisdiction and counterparty risk;
- KYC/AML and sanctions requirements;
- source of funds and source of wealth where applicable; and
- overall credit, operational, legal, and compliance risk.
No single item—including collateral—guarantees approval.
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