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!
You may also like
- Top 10 Video Editing Courses to Learn in November 2024
- Top 10 Music Production Courses to Learn in November 2024
- Top 10 Animation Courses to Learn in November 2024
- Top 10 Digital Illustration Courses to Learn in November 2024
- Top 10 Renewable Energy Courses to Learn in November 2024
- Top 10 Sustainable Living Courses to Learn in November 2024
- Top 10 Ethical AI Courses to Learn in November 2024
- Top 10 Cybersecurity Fundamentals Courses to Learn in November 2024
- Top 10 Smart Home Technology Courses to Learn in November 2024
- Top 10 Holistic Health Courses to Learn in November 2024
- Top 10 Nutrition And Diet Planning Courses to Learn in November 2024
- Top 10 Yoga Instruction Courses to Learn in November 2024
- Top 10 Stress Management Courses to Learn in November 2024
- Top 10 Mindfulness Meditation Courses to Learn in November 2024
- Top 10 Life Coaching Courses to Learn in November 2024
- Top 10 Career Development Courses to Learn in November 2024
- Top 10 Relationship Building Courses to Learn in November 2024
- Top 10 Parenting Skills Courses to Learn in November 2024
- Top 10 Home Improvement Courses to Learn in November 2024
- Top 10 Gardening Courses to Learn in November 2024