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Business Loan Basics (Course Id 2044)

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Author : Rob Stephens, Small Business Coach
Course Length : Pages: 27 ||| Word Count: 20,650 ||| Review Questions: 6 ||| Final Exam Questions: 10
CPE Credits : 2.0
IRS Credits : 0
Price : $17.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 2044

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. I then explain 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.

Usage Rank : 0
Release : 2022
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 13-Jul-2022
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 2044

Keywords : Accounting, Business, Loan, Basics, cpe, cpa, online course
Learning Objectives :

Course 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 Contents :

Chapter 1 - Business Loan Basics

Section 1: When and Where to Get Business Loans

1.1 Introduction

1.2 When Should You Get a Loan?

1.3 Activity: Your Metrics

1.4 Cash Flow Projection: The gold standard for estimating your future cash needs

1.5 Activity: Cash Flow Projection

1.6 Leverage: Magnifying your Returns - and Your Risk

1.7 Where to Get Loans

Review Questions #1

Section 2: Loan Terms, Interest, and Fees

2.1 Principal and Interest

2.2 Loan Terms

2.3 Types of Loans

2.4 Fees

Review Questions #2

Section 3: Getting the Best Pricing and the Application Process

3.1 The Application Process: Navigating the Maze

3.2 Getting the Best Pricing You Can

3.3 Underwriting: How lenders determine if you qualify for a loan

3.4 Government Loan Programs

3.5 Loan Documents: Know what you're signing and what to pay attention to

3.6 Financial Statement Presentation

Review Questions #3

Glossary/Index

CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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