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Business Loan Basics
$39.95$39.95
Business Loan Basics
Course Overview:
Course Overview:
Business loans are a vital source of funding for cash flow management. The course begins with ratio analysis and cash flow projections to determine whether loan funding is needed. It is then explained how leverage (the use of borrowed funds) magnifies returns but increases risk.
We’ll then explore key loan components like different ways interest is calculated, types of fees, and the multiple terms that can be structured into a loan. Basic accounting entries and financial statement presentation, including footnote disclosure, are explained.
You’ll discover ways to reduce the interest rate on your loan. I’ll give an overview of the application process and the documents lenders frequently request.
The course explains the factors and ratios banks used to decide whether to approve a loan. Key documents that are signed at loan closing are described, and the importance of each is explained. I’ll point out important clauses included in these documents.
The author has 20 years of banking experience, including being CFO of two banks, sitting on loan committees, and having a collections department report to him. He provides insights into how banks operate, key terms borrower miss, and tips to protect you or your client’s business.
We’ll then explore key loan components like different ways interest is calculated, types of fees, and the multiple terms that can be structured into a loan. Basic accounting entries and financial statement presentation, including footnote disclosure, are explained.
You’ll discover ways to reduce the interest rate on your loan. I’ll give an overview of the application process and the documents lenders frequently request.
The course explains the factors and ratios banks used to decide whether to approve a loan. Key documents that are signed at loan closing are described, and the importance of each is explained. I’ll point out important clauses included in these documents.
The author has 20 years of banking experience, including being CFO of two banks, sitting on loan committees, and having a collections department report to him. He provides insights into how banks operate, key terms borrower miss, and tips to protect you or your client’s business.
Learning Objectives:
Upon completion of this course, you will be able to:
- Explore different types of business loans
- Recognize key loan terms and their definitions
- Identify key loan documents
- Discover loan accounting and financial statement presentation
Course Number:
RS07
NASBA Field of Study:
Finance
Level:
Basic
Author/Instructor:
Rob Stephens
Publication Date:
March 2022
CPE Credits:
2
RS07
NASBA Field of Study:
Finance
Level:
Basic
Author/Instructor:
Rob Stephens
Publication Date:
March 2022
CPE Credits:
2
Prerequisites:
None
Advanced Preparation:
None
None
Advanced Preparation:
None
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