Course Content
Your Loan Packaging Course
Learn to craft a persuasive loan package to secure financing. This concise course covers essential financial documents, integrating your business plan, understanding credit scores, and presenting your business effectively to meet lender expectations. Gain insights into legal compliance, submission tips, and strategies for engaging with lenders, all aimed at showcasing your business's growth potential.
The Business Entity Course
Navigate the complexities of choosing the right business structure with "The Business Entity Course." This focused course demystifies the process of selecting an entity type—such as LLC, corporation, or partnership—that aligns with your business goals, legal protections, and tax implications. Learn about the advantages and disadvantages of each entity type, the impact on your personal liability, and how your choice affects funding opportunities. This course provides the foundational knowledge needed to make an informed decision on structuring your business for success.
Personal Credit Enhancement Course 101
Boost your financial credibility with the "Personal Credit Enhancement Course 101." This essential course offers strategies to improve your personal credit score, a critical factor in securing business financing. Dive into understanding credit reports, identifying and rectifying errors, and employing tactics to enhance creditworthiness. Learn how personal credit impacts business funding opportunities and master practical steps to elevate your score for better loan terms and access to capital. This course is your guide to building a stronger financial foundation for both personal and business growth.
Business Credit 101
Unlock the potential of your business with "Business Credit 101," a course designed to guide entrepreneurs through the intricacies of establishing and managing business credit. Discover how to create a robust business credit profile that lenders trust, understand the key differences between personal and business credit, and learn strategies for building creditworthiness. This course covers the essentials of business credit reporting agencies, how to secure credit lines, and the impact of credit on your business's funding capabilities. Equip yourself with the knowledge to leverage business credit as a powerful tool for growth and financial stability.
A Bankable Business Plan Course
Transform your vision into a viable financial strategy with "A Bankable Business Plan Course." This comprehensive course guides you through crafting a business plan that not only articulates your business model and market potential but also appeals to investors and lenders. Learn to effectively communicate your business's value proposition, operational plan, and financial projections. Discover the components that make a business plan compelling, including market analysis, competitive edge, and financial forecasts. By the end of this course, you'll have a polished, professional business plan ready to open doors to funding and growth opportunities.
Lender Strategies and Tips Course
Navigate the lending landscape with confidence through the "Lender Strategies and Tips Course." This insightful course equips you with the knowledge to approach lenders effectively, understand their criteria, and improve your chances of loan approval. Delve into the nuances of different financing options, learn how to present your business in the best light, and uncover the secrets to successful loan negotiations. From building strong relationships with banks to preparing for common lender concerns, this course offers practical advice and strategies to secure the financing your business needs to thrive.
Funding Source Overview
Explore the spectrum of funding opportunities with the "Funding Source Overview" course. This essential guide introduces you to the diverse world of business financing, from traditional bank loans and SBA loans to innovative online lending and venture capital. Understand the pros and cons of each funding source, eligibility criteria, and how to align them with your business needs. Gain insights into navigating the application process, optimizing your chances for approval, and strategically choosing the right mix of financing to fuel your business growth. This course is your roadmap to identifying and securing the optimal funding sources for your enterprise.
Become Lender Ready
About Lesson

Inquire, Wait and Apply Strategy Breakdown

Inquire – Since you and your contact have established a growing relationship, now is an opportune time to inquire about the banks business line of credit program. Tell your contact that you are researching a line of credit in the range of $25,000 – $45,000. The contact should reply with similar to ͞we have simple application for that͟. Ask about the qualifying criteria and the documentation you’ll need to provide. Do not seem desperate for the financing in your inquire. ****Do not apply – wait! 
Wait – It’s in your best interest not wait two or three months prior to submitting the application (if possible). The reason for waiting two or three months is so that you can establish account usage and payment history. Stay in touch with your new contact at the bank so you are on their mind and are establishing a relationship with them. With the lending industry as tight as it is, many lending institutions will only lend to existing clients who have established relationships with them. 
Apply – At the appropriate time, let your contact know you would like to apply for the line of credit you inquired about. Get them to buy in that you are a good candidate for this financing by asking them questions like: ͞Based on our discussions, how much do you think I can get approved for?! The key is to get the contact to fight for you to get an approval. Only apply if your contact has committed to working to get you approved. You want them to be invested into getting you approved. 
     If you get declined: If you get declined you can push back yourself on the contact because they are the ones who communicated to you that they thought you would be getting approved. Ask them to do more to get you approved. 
Don’t give up on your bank. Ask them to do more to find a way to get you approved. Ask what you need to do to get approved if they keeping hitting dead ends. 
     If you get approved: If you are approved, however, it’s not at the amount you would like, you can ask them to push back there as well. 
Once you have received your credit line it is important to use the line regularly. If you don’t use it, they may close it or reduce it. You always need to pay on time, a little early if possible. Once you’ve utilized your line of credit for a few months you can always request the line to be increased.