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

Because you are trying to obtain a small business loan, lenders rely heavily on your personal credit. Your personal credit proves your worthiness as a creditor and shows your ability to handle such financing.

When an Underwriter is reviewing your personal credit it’s not just the score they are looking at. An Underwriter will heavily analyze your personal credit profile in its entirety. Underwriters will make the basic assumption that you operate your business in the same fashion as you manage your personal finances. Underwriters are hired and trained to protect the lenders best interests and it’s their job to find reason to decline your application.
There are 3 main credit bureaus: TransUnion, Equifax and Experian. The majority of lenders will review only your Experian credit report and use TransUnion and Equifax as disqualifiers. It’s been seen, however, that some lending institutions will pull all 3 bureaus in their initial underwriting. This is why we recommend having all 3 credit scores above 680 before making any application for financing. Having all 3 credit scores above 680 and not just an average of 680 across all 3 bureaus will improve your likelihood of funding. 
In our ongoing evaluation of the current lending market, Lenders right now typically want to see an applicant’s credit score above 720. A credit score above 720 is normally a candidate for optimal funding, which is what we are trying to achieve.
Your credit score predicts the statistical chances of a consumer becoming 90 days late or more on particular loan obligation. Credit scores range from
300-850 for Classic FICO. Obviously, the higher the score the less chances the consumer will default. From the below diagram, which is outlining the odds of Consumers going 90 day late, we can see why Lenders weigh heavily on your personal scores.