Business Banking 101

Everything You Ever Wanted to Know About Getting a Bank Loan

What you'll learn
Choose the right bank for your business and learn techniques to improve your chances of being approved for a business loan. You will also learn the secrets of a bank's loan approval process and tips for presenting your company in the best possible way to a bank. You will also be given tools for assessing the financial health of your business in the same way a bank does.
Requirements
I have produced this course in a way to be easily understood by anyone with a basic understanding of business in the United States. I speak in plain English with no confusing banking terms. Basic familiarity of various types of business loans and accounting would be helpful as well.
Description
"Business Banking 101, everything you ever wanted to know about betting a bank loan" is designed as a road map for anyone tasked with securing bank financing for a business. Your instructor, Bruce Tretzen, has been in the commercial lending industry since 1999 and currently works as a business banker in Seattle. He has created this course based on real-life experiences working with business clients.This course gives insight into what banks look for and how to increase your odds of being approved for a bank loan. These tips, tricks, and resources will help a business owner analyze their financial condition prior meeting with a bank. You will even learn how to choose the right bank to fit your business needs.At the end of this course you will know how to present your loan request to a bank in a clear concise way. You will impress your banker by giving them the financial information they want before even asking for it. In addition, you will know how to negotiate for the best possible rate and terms. If you are a business owner, accountant, CPA or consultant, this course will expand you business banking knowledge as you learn the secrets of business banking. This course is especially valuable to new business owners who have never applied for a business loan from a bank. Or perhaps you are thinking about starting a business and wonder if you even qualify for a bank loan. You will even learn about options available if your loan request is denied.I invite you to step inside my classroom and learn how to negotiate like a business banker.

Overview

Section 1: Choosing a Bank

Lecture 1 Choosing a Bank

Section 2: The Application Process

Lecture 2 The Application Process

Lecture 3 List of Financial Information

Lecture 4 Debt Schedule

Lecture 5 Personal Financial Statement

Section 3: Loan Options

Lecture 6 Loan Options

Lecture 7 SBA Loan Options Sheet

Section 4: The "3 C's" of Credit

Lecture 8 The "3 C's" of Credit

Section 5: Financial Covenants, Ratios, and Reporting

Lecture 9 Financial Covenants, Ratios, and Reporting

Lecture 10 Ratio Calculation Spreadsheet

Lecture 11 Ratio Cheat Sheet

Section 6: Tools for Improving your Chances

Lecture 12 Tools for Improving your Chances

Section 7: Negotiating Rates and Terms

Lecture 13 Negotiating Rates and Terms

Section 8: What if They Say No?

Lecture 14 What if They Say No?

• This course is geared toward business owners, accountants, consultants, or anyone tasked with attaining a business loan from a bank. This is also a great course for new business owners or those considering starting a business and will be seeking financing from a bank, especially if you have never approached a bank for a business loan before.