The Business Loan Formula

The Business Loan Formula, available at $59.99, has an average rating of 4.67, with 56 lectures, 1 quizzes, based on 654 reviews, and has 2925 subscribers.

You will learn about 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 This course is ideal for individuals who are business owners or Chief Financial Officers or Chief Executive Officers or Mortgage brokers or Commercial real estate brokers or Loan brokers or entrepreneurs or startups It is particularly useful for business owners or Chief Financial Officers or Chief Executive Officers or Mortgage brokers or Commercial real estate brokers or Loan brokers or entrepreneurs or startups.

Enroll now: The Business Loan Formula

Summary

Title: The Business Loan Formula

Price: $59.99

Average Rating: 4.67

Number of Lectures: 56

Number of Quizzes: 1

Number of Published Lectures: 56

Number of Published Quizzes: 1

Number of Curriculum Items: 57

Number of Published Curriculum Objects: 57

Original Price: $89.99

Quality Status: approved

Status: Live

What You Will Learn

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

Who Should Attend

business owners
Chief Financial Officers
Chief Executive Officers
Mortgage brokers
Commercial real estate brokers
Loan brokers
entrepreneurs
startups

Target Audiences

business owners
Chief Financial Officers
Chief Executive Officers
Mortgage brokers
Commercial real estate brokers
Loan brokers
entrepreneurs
startups

*Note – this material is useful for people looking to borrow money for their business. If you are looking to start a business as a commercial loan broker and/or officer at a lender this information is also available in my course “Commercial Loan Broker in a Box”, along with more information about how to run such a business (such as email templates for prospects, referral partners, and more).

Not every business needs capital to grow. But to those that do, the process can be intimidating. And not understanding how business lending works can cost you energy, money, and time.

Here’s the good news. As someone that has been involved in over $500,000,000 worth of business loans, I know the process inside and out. And I am going to teach you!

No more frustration from being turned down over and over!

In this course, I will take you through the various technical aspects of how business loans work.

I’ll guide you through over 30 video lessons (with some accompanying written explanations) detailing an inside look into the types of information lenders ask for and why they ask for it.

In a few hours, you will know as much as most lenders! Imagine how much easier that will make your next business loan application feel!

P.S. Please note that the lessons were intentionally kept short. This course was designed with beginners in mind and to extend the lessons deeper could cause confusion. Additionally, by reducing production efforts I am able to keep the course affordable. Don’t worry, what you will learn in a short amount of time will be more than enough to improve your chances of getting funded.

*Note* – Please be aware that I recorded new versions of some of the lessons to improve the experience. So, you may see some inconsistencies in formatting and other changes.

Course Curriculum

Chapter 1: Housekeeping

Lecture 1: Introduction and course agenda

Lecture 2: About your instructor

Chapter 2: Course material

Lecture 1: What lenders are looking for in a loan

Lecture 2: Common terms and acronyms

Lecture 3: How the reason you need a loan, or loan purpose, impacts your application

Lecture 4: Understanding lender loan "appetites"

Lecture 5: The various phases of a loan and what you will need during each phase

Lecture 6: How credit scores impact your business loan application

Lecture 7: What are sources of repayment?

Lecture 8: The three main things you need to show to get approved

Lecture 9: What is global underwriting?

Lecture 10: What items can be added back to calculate your debt-service?

Lecture 11: Calculating debt-service coverage ratios (an example!)

Lecture 12: Unsecured vs secured loans

Lecture 13: Loan collateral

Lecture 14: Your liquidity and how to calculate it

Lecture 15: How do personal guarantees work?

Lecture 16: How long are loans for?

Lecture 17: How lenders use loan risk grades

Lecture 18: How are loan rates determined?

Lecture 19: Updated lesson: Everything you need to know about business loan rates

Lecture 20: What is a loan floor or ceiling?

Lecture 21: Owner Occupied versus Non-owner occupied real estate loans

Lecture 22: How do Small Business Administration (SBA) loans work?

Lecture 23: SBA Loans through the Economic Injury Disaster Loan program

Lecture 24: What are the differences between term sheets vs commitment letters?

Lecture 25: Will you have to pay prepayment penalties if you pay off your loan early?

Lecture 26: What are loan covenants?

Lecture 27: What other costs or fees should you expect with a business loan?

Lecture 28: How long does it take to close a loan?

Lecture 29: What to do if you are being declined

Chapter 3: Extra lessons

Lecture 1: The easiest way to establish business credit

Lecture 2: Small Business Grants versus Loans

Lecture 3: The SBA just increased the maximum loan amount for its EIDL program to this…

Chapter 4: Specific types of loans

Lecture 1: How real estate investing loans work

Lecture 2: What is a hard money loan?

Lecture 3: What is a merchant cash advance?

Lecture 4: What is a factoring loan?

Lecture 5: Participation versus Syndication loans

Lecture 6: Guidance Lines of Credit

Chapter 5: Wrap-up and a bonus offer

Lecture 1: Final word

Lecture 2: Bonus offer – my course "What investors look for in startups" FREE!

Chapter 6: Archived lessons

Lecture 1: About this course

Lecture 2: Old lesson – Shotgunning deals

Lecture 3: Old lesson – Portfolios

Lecture 4: Old lesson – Unfavorable Industries

Lecture 5: Old lessons – Loss ratios

Lecture 6: Old lesson – Turn-around time

Lecture 7: Old lesson – documentation needed

Lecture 8: Old lesson – Credit scores

Lecture 9: Old lesson – The Big Three

Lecture 10: The role of loan collateral

Lecture 11: What are loan terms?

Lecture 12: Loan amortization and how it determines your payment amount

Lecture 13: How to negotiate a better rate

Lecture 14: How to get a discount on your loan rate

Instructors

Jonathan Patrick
Helping entrepreneurs find their voice

Rating Distribution

1 stars: 1 votes
2 stars: 7 votes
3 stars: 74 votes
4 stars: 250 votes
5 stars: 322 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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