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Accounting and Finance : How To Get Business Loans Approved By Banks

Finance, Accounting and finance, Financial Investigator, Online Finance Courses, Online Accounting and Finance Course

Simpliv LLC

Summary

Price
£77.40 inc VAT
Or £25.80/mo. for 3 months...
Study method
Online
Duration
2 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

Overview

What will you learn
Prepare a Financing Request that leads banks to approve a Business Loan
Structure the loan request to include all the information that Banks need to approve it
Understand why Banks request certain information from borrowers and how that influences their approval decision
Be prepared for the discussion with a Bank when requesting a business loan
Know what types of Business Loan requests Banks will likely decline and why

Course Curriculum

Introduction

How to properly structure a Loan Application

Prepare for the Discussion with Banks

Requesting Financing for Startups

Requests for Financing that Will NOT get approved

Final Considerations and Thank You Notes

Description

Description
This course explains how Banks look at business loan requests, and what these requests should include and why in order to improve the Chance-to-Yes, meaning, a loan approval.

Preparing a good request for financing and being able to discuss it with the Bank is essential to increase the probability of having the loan approved.

During the course you will see the parallel between what the request for financing includes, and how banks interpret it from their risk point of view. Many times entrepreneurs not only do not know which information to provide to banks, but also do not understand which information is crucial for banks to make a decision. This course will explain it all.

We will also look at what type of loans requests Banks do not usually support and the reasons for that.

By getting the request for financing right, convincing Banks to grant the business loan becomes far easier.

(The course deals with business loans only, and not personal loans like mortgages, car or other consumer financing)

Who is this course for?

Who this course is for:
Entrepreneurs in need of financing for their businesses
Finance Managers (or anyone else) responsible for preparing loan requests for Banks
Beginner credit analysts at Banks responsible for analyzing loan requests from businesses
Students of Finance, Banking or Risk Management topics interested in knowing how Banks look at business credit requests
Anyone responsible to present and discuss business loan requests directly with Banks

Requirements

Basic knowledge
Basic knowledge of a company's financial statements (Balance Sheet, Income Statement, Cash Flow)
Basic knowledge of banking products

Questions and answers

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Certificates

Certificate of completion

Digital certificate - Included

Reviews

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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