Sample Reports | Bankability

Bankability · Flag Report

Smiles Dental Associates — Bankability Snapshot

VERDICT

✓ BANKABLE — 1 yellow flag, 0 red flags

16-FACTOR ASSESSMENT

Owner-normalized EBITDA marginG

Revenue growth (3-yr CAGR)G

Hygiene production %G

DSC (stress tested)G

Lease term remainingY

New patient flowG

Associate retentionG

Owner clinical hoursG

Equipment ageG

+ 7 additional factors detailed in full report

Deliverable 01

Flag Report

The one-page verdict. 16–20 credit factors scored against industry benchmarks, with green/yellow/red flags and the narrative for every yellow flag pre-written.

Bankability · Submission Package

Executive Summary — Refinance Request

REQUEST

$2.0M term loan · 12yr · Prime + 1.00%

KEY METRICS

Practice valuation$2,500,000

LTV @ requested80%

EBITDA (normalized)$450,000

DSC ratio1.55×

DSC stressed (+200bps)1.36×

DSC vs. PEER GROUP (n=240)

Subject1.55×

Peer median1.32×

Covenant floor1.20×

Deliverable 02

Bankability Report

The submission file your lender actually needs. Executive summary, normalized financials, DSC stress test, and capacity-investment thesis, all written in credit committee language.

Bankability · Enhanced Credit Analysis

Objection Rebuttal & Defense Pack

PRE-EMPTED OBJECTIONS

"Margin compressed in FY24"

Driven by deliberate tech reinvestment ($210k CapEx). Recovery levers identified, modeled.

"Hygiene % below benchmark"

RDH retention issue (Q3 FY24 only); replacement hired Jan FY25. Run-rate metrics attached.

"Concentration risk on owner"

Owner billings 38% of practice. Associate transition plan and 24-mo earn-out structure in §4.

COVENANT MODEL

DSC covenant @ 1.20×PASS — all years

Funded debt / EBITDAPASS

Tangible net worthPASS

Deliverable 03

Enhanced Credit Analysis

The internal prep document that pre-empts every committee question. Each predictable objection has evidence attached. Each covenant is modeled across scenarios.

Also Included

The supporting artifacts that come with every package.

Bankability Scorecard

One-page executive scorecard with overall verdict, top 3 strengths, top 3 risks, and the recommended go-to-market timing.

Normalization Workpaper

Line-by-line owner-EBITDA normalization with sources for every adjustment. The document your accountant will sign off on.

DSC Stress Model

Excel model with covenant headroom under base, downside, and rate-shock scenarios. Editable for committee follow-ups.

Lender Submission Cover

One-page deal summary the banker can drop straight into the credit memo. Sized for adjudicator desks.

What you receive at the end of an engagement.