Course Information

Course No:  647122

Course Name:  Business Loan Basics

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: After completing this section, you should be able to:

Course Material: Online Material

Program level: Overview

Prerequisites: None

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits:   3.0

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