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Course No: 647122

Business Loan Basics

$30

  • Credits: 3.0
  • Program level: Overview
  • Prerequisites: None

Field of Study: Finance

Course Description

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 then explains how leverage (the use of borrowed funds) magnifies returns but increases risk.

The course explores 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.

An overview of the application process and the documents lenders frequently request are presented in the course. Also, ways to reduce the interest rate on the loan are discussed. 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.

Learning objectives

  • Recognize different types of business loans
  • Recognize key loan terms and their definitions
  • Identify key loan documents
  • Identify proper financial statement presentation

Advance preparation: none

Course Material: Online Material

Type of delivery method: QAS Self-study

Final examination expiration date:

The program participant will have one year from the date of purchase to complete the course and final examination.

We are Register with

Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Web CPE is registered with the IRS to provide Continuing Education (CE) programs to the Enrolled Agents and other tax return practitioners.

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