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Business Loan Basics

Author: Blair Cook

CPE Credit:  2 hours for CPAs

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. Join expert, Rob Stephens, as he explains 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 also explained. You’ll also discover ways to reduce the interest rate on your loan. The course will provide an overview of the application process and the documents lenders frequently request. This course also 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. Important clauses included in these documents. Rob Stephens 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.

Publication Date: June 2022

Topics Covered

  • Where business get loans
  • Loan terms
  • Types of business loans
  • Loan underwriting
  • Loan documents

Learning Objectives

  • Explore different types of business loans
  • Recognize key loan terms and their definitions
  • Identify key loan documents
  • Discover loan accounting and financial statement presentation

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $62.00

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