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
Term loans are the type of business financing most business owners think of when they’re looking for capital, these could either be traditional bank loans or online loans.

Traditional bank loans
When you think of getting money for working capital or refinancing debt, do the traditional bank loans come to mind first? It’s not surprising since these loans are among the oldest and well-respected in the industry. Fortunately, they are continually evolving, giving small business owners a wide range of choices. You might consider inquiring with your existing bank to see what they offer. Many banks offer savings opportunities for those who already have their business checking and savings business. For borrowers who are willing to connect their loan payments to an existing account, they may even reduce the interest rate!
Whether you consider a brick-and-mortar bank loan or choose one of the newer online banks for financing your business, you’ll need to know how long you need to pay the loan back. There are three types of term loans popular with small businesses, from short-term loans (which can come with a higher interest rate but get you funded fast, to medium and even long-term loans.) Depending on how much you want to borrow, and what your monthly payment amount needs to be, the bank should be able to help you find the term loan that is priced right for your budget.
Online loans 
How do online loans differ from traditional loans? It could be a number of factors, but the main difference is that the bulk of the loan application process is done online. A typical online lender will not require you to come into the lender in person to verify or complete paperwork. In fact, many online loans are offered by companies who don’t have a physical storefront to visit.
Online loans vary in scope, price, and purpose, but it is assumed that they are more efficient and can produce a quicker turnaround from application to funding. Many can also provide you with a pre-approval, to let you know if you’ll have good chances of qualifying, your general loan amount, and the costs – before you ever apply. In return, online loans are typically more expensive, as they might not go through the same vetting process as a traditional lender. Some traditional banks may offer 100% online loan products, as well, including the more popular short-term loans.

Basic Requirements For Term Loans

  • Credit Score: 660+ Credit Score
  • Time In Business: Business must be 2+ years in business
  • Two Years Tax Returns: Your two years tax returns will most likely be required.
  • 6 Months Revenue: $20,000+