Exhibit_4_-_Sample_SMART_Analytical_Review_Report.pdf

THIS DOCUMENT IS STRICTLY CONFIDENTIAL

This review report is the property of the U.S. Small Business Administration, Office of Credit Risk Management. Under no circumstances shall any recipient of this report disclose or make public this document or any portion thereof. Unauthorized disclosure of any of the contents of this document is subject to the penalties in 18 USC 641. The Office of Credit Risk Management must be notified immediately if the examined entity receives a subpoena or other legal process calling for the production of this document.

U.S. Small Business Administration

Office of Credit Risk Management

SMART Analytical Review Report

Date of Report

CDC Name & FIRS Number

Page | 2 of 6

EXECUTIVE OVERVIEW

REPORT DASHBOARD

Lender Reviewed:

Associated FIRS

Lender Asset Size

SBA Peer Group

SBA Lender Purchase Rating

Delegated Authorities

EXISTING 504 BALANCE SHEET as of 12/31/2013

Gross Loans

*** Gross Loans = Active Net + Active Defaults

Gross Committed

*** Gross Committed = Approved but not Cancelled and not Disbursed

Active Net Loans Balance

*** Active Net = Current Balance +

Stressed Balance

Current Balance

Catch Up

Past Due Balance

Delinquent Balance 16 $ 5,639,838

Deferred Balance

Stressed Balance

*** Stressed = Catch Up + Past Due + Delinquent + Deferred

Active Defaults

Liquidation Balance

Active Purchases – Regular

Servicing

Total Active Defaults

RESULTS OF THE SMART REVIEW

Review Assessment:

Component Assessments

Solvency and Financial Condition

Management and Board Governance

Asset Quality and Servicing

Regulatory Compliance

Technical Issues and Mission

Page | 3 of 6

Executive Summary

Objective and Scope

This SMART Analytical Review (“SAR”) Report provides an overview of the virtual review activities, analysis and discoveries related to the SBA operations of (CDC Name and FIRS #) as of (date). The SAR focuses on Solvency and Financial Condition, Management and Board

Governance, Asset Quality and Servicing, Regulatory Compliance, and Technical Issues and

Mission (a/k/a/ “SMART”).

Summary Review Assessment

The SMART review resulted in a summary assessment of (CDC Name) of (Assessment).

Findings, summarized on page (page number) of this Report, were made in the areas of (select from one or more: Solvency and Financial Condition, Management and Board Governance, Asset Quality and Servicing, Regulatory Compliance, and Technical Issues and Mission) for the following deficiencies:

1.

2.

3.

Background

(CDC Name) is a non-profit/for-profit that was established in (enter year) as a Certified

Development Company (“CDC”) incorporated in the State of (enter state). It provides 504 financing throughout (state and any additional territory).

The CDC’s previous review was conducted in (date) 2011 and resulted in an assessment of

(assessment). That review resulted in (enter description of previous findings). (Enter actions taken by CDC to address previous findings).

CDC has (X) full time employees and (X) part time employees. The CDC has (chose one or more: Accredited Lender Program (“ALP”) and Premier Certified Lending Program (PCLP) delegated lending authorities). The Local Economic Area Expansion (“LEA”) authority granted to CDC, permits them to also serve the nearby (enter state name) counties of (enter county names). CDC filed its IRS Form 990 showing its non-profit status for 2012 and 2013. CDC is in good standing with the State of (enter state name).

SBA Portfolio

As of (enter date), CDC had a loan balance of approximately (enter dollar amount) (including its active purchases) which is listed below by Delivery Method:

SBA Delivery Method Number of 504

Loans Outstanding

Gross Dollars

Outstanding % of Gross Dollars

504 Regular

ALP

PCLP

504 Refinance

TOTALS

100%

Page | 4 of 6

Solvency and Financial Condition

Cash

Current Assets (* adjusted by adding value of CDs)

Current Liabilities

Working Capital

Fixed Assets (* PCLP reserve funds adjusted to current assets)

Long Term Liabilities

Total Unrestricted Net Assets

Dollar Change in Net Assets (Income)

SBA 504 Servicing Fee

SBA 504 Processing Fee

504 Interest Income (Float)

Miscellaneous Income:

Total Revenue

*Salary of CDC Executive Director

*Total CDC Salaries, other compensation, employee benefits

Professional Service Contracts

Other Economic Development

Total Expenses

* selected financial data for CDC as of (date)

Management and Board Governance

Asset Quality and Servicing

Regulatory Compliance

Technical Issues and Mission

Primary CDC Contact:

Page | 5 of 6

APPENDIX A

FINDINGS AND CORRECTIVE ACTIONS

Finding Regulation Finding Cause and Effect Corrective Action

Page | 6 of 6

APPENDIX B

BOARD MEMBER ACKNOWLEDGEMENT

The Board Members of (enter CDC name here) acknowledge receipt of the SBA Office of

Credit Risk Management letter dated (enter date).

Name Board Member Signature Date Received