|Author :||Rob Stephens, Small Business Coach|
|Course Length :||Pages: 17 ||| Review Questions: 6 ||| Final Exam Questions: 10|
|CPE Credits :||2.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Course Type:||Video - NASBA QAS - Text - Technical - NASBA Registry|
|Primary Subject-Field Of Study:||
Accounting - Accounting for Course Id 1705
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.
Please Note: This course’s author is working on the providing transcripts, PDFs, and slides where applicable. Unfortunately until then we will not be able to offer them with the course but felt the course was valuable enough as it is so have chosen to include it on our site. Our sincere apologies for any inconvenience and please let us know any question using the support bubble on the bottom right of all pages on our site.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :||
The Basics of Financing a Business
|Advance Preparation :||None.|
|Delivery Method :||QAS Self Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||25-Sep-2020|
|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 :||
Video - NASBA QAS - Text - Technical - NASBA Registry - 1705
|Keywords :||Accounting, Business, Loan, Basics, Video, cpe, cpa, online course|
|Learning Objectives :||
Course Learning ObjectivesUpon completion of this course, participants will be able to do the following:
|Course Contents :||
Chapter 1 - Business Loan Basics
Chapter 1 Review Questions