The Business Loan Formula by Udemy
Learn how the business lending process works, including what types of information lenders are looking at and why!
Course Highlights
- better understand the business lending process
- know how to calculate the key ratios lenders look at
- be better prepared to negotiate favorable terms and rates
- get a loan
Skills you will learn!
Curriculum
2 Topics
Introduction and course agenda
About your instructor
29 Topics
What lenders are looking for in a loan
Common terms and acronyms
How the reason you need a loan or loan purpose impacts your application
Understanding lender loan "appetites"
The various phases of a loan and what you will need during each phase
How credit scores impact your business loan application
What are sources of repayment?
The three main things you need to show to get approved
What is global underwriting?
What items can be added back to calculate your debt-service?
Calculating debt-service coverage ratios (an example!)
Unsecured vs secured loans
Loan collateral
Your liquidity and how to calculate it
How do personal guarantees work?
How long are loans for?
How lenders use loan risk grades
How are loan rates determined?
Updated lesson: Everything you need to know about business loan rates
What is a loan floor or ceiling?
Owner Occupied versus Non-owner occupied real estate loans
How do Small Business Administration (SBA) loans work?
SBA Loans through the Economic Injury Disaster Loan program
What are the differences between term sheets vs commitment letters?
Will you have to pay prepayment penalties if you pay off your loan early?
What are loan covenants?
What other costs or fees should you expect with a business loan?
How long does it take to close a loan?
What to do if you are being declined
3 Topics
The easiest way to establish business credit
Small Business Grants versus Loans
The SBA just increased the maximum loan amount for its EIDL program to this...
6 Topics
How real estate investing loans work
What is a hard money loan?
What is a merchant cash advance?
What is a factoring loan?
Participation versus Syndication loans
Guidance Lines of Credit
2 Topics
Final word
Bonus offer - my course "What investors look for in startups" FREE!
15 Topics
About this course
Old lesson - Shotgunning deals
Old lesson - Portfolios
Old lesson - Unfavorable Industries
Old lessons - Loss ratios
Quiz #1
Old lesson - Turn-around time
Old lesson - documentation needed
Old lesson - Credit scores
Old lesson - The Big Three
The role of loan collateral
What are loan terms?
Loan amortization and how it determines your payment amount
How to negotiate a better rate
How to get a discount on your loan rate
The Business Loan Formula
Related Fundraising Courses
Thank You!
Your review has been submitted successfully.