Practice

Facility size and the length of a findings memo

Person writing notes while reviewing paperwork at a bright desk

A 15-million-baht working-capital renewal and a 180-million-baht expansion facility are not the same reading job. The smaller file may still need careful arithmetic; the larger file almost always needs more attention to covenants, collateral descriptions, and multi-year cash bridges.

When we draft a findings memo, we sort comments into three bands:

  • Critical — items that, left unfixed, would reasonably delay underwriting.
  • Moderate — inconsistencies that invite follow-up questions but do not stop filing.
  • Strengthen — optional clarity that helps a committee but is not a blocker.

Borrowers sometimes ask for every observation to be labeled critical. That flattens the memo and wastes the presenting team’s rehearsal time. A good memo protects attention: fix the blockers first, then decide what to polish before the meeting.