Instructor for this course

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. I then explain how leverage (the use of borrowed funds) magnifies returns but increases risk.

We 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 explained.

You’ll discover ways to reduce the interest rate on your loan. I give an overview of the application process and the documents lenders frequently request.

The course 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. I’ll point out important clauses included in these documents.

The author 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.

Course Key Concept: Business loans, loan documents, loan accounting, loan documents, loan terms, loan fees, working capital, cash flow projection

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.
Last updated/reviewed: May 2, 2020

1 Review (9 ratings)Reviews

Member's Profile
Useful information, well-explained course, helpful in dealing with banks.


Course Complexity:

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  2:47Introduction to Business Loan Basics
  9:23When to Get a Loan
  8:34 Cash Flow Projection
  6:39Leverage and Profitability
  7:27Where Businesses Get Loans
Loan Terms, Interest and Fees
  8:14 Principal and Interest
  7:36Loan Terms
  8:11Types of Business Loans
  13:38The Application Process
Getting Best Pricing and Application Procedure
  4:17Getting The Best Loan Pricing
  5:16Loan Documents
  7:36Financial Statement Presentation
  1:45:27Business Loan Basics
  PDFSlides: Business Loan Basics
  PDFBusiness Loan Basics Glossary/ Index
  PDFCash Flow Projection - Business Loan Basics