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.
0/6
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.
0/11
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.
0/10
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.
0/11
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.
0/14
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.
0/8
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.
0/8
Become Lender Ready
About Lesson
To maximize your chances of receiving an approval on a business loan from a bank, it’s wise to look at the situation from the standpoint of the lender. 

 
A lender wants to know: 
     – Exactly how this business will operate and why it’s expected to make money; 
     – Exactly how the money will be used; 
     – How you plan to repay the loan and over what time frame; 
     – That you’re willing to take a significant financial risk in the business; 
     – That you’re responsible and can manage this business; 
     – Who else is involved in management or operations, and that they will also be responsible for the proper use of the money from the loan. 
 
The smaller the business, the more closely the individual behind it will be evaluated. Therefore, you need to make sure you get your own financial records in order before asking a lender for money to start a business. 
 
A solid personal credit rating is also very important, since a small business is typically an extension of the individual who started it. 
 
Prior to submitting a small business loan application, take some time and verify that your personal credit history is correct. Request your credit report from each of the major credit reporting agencies. Review these credit reports. If you see any errors on your credit reports, write the credit agency a letter detailing the error and ask for it to be removed, corrected or fixed. If there is an error that the agency will not fix, file a credit dispute report. A credit score about 680 or higher is very good and significantly increases your chance of being approved for a business loan. 
 
Having an established business credit profile will also help increase your chances of obtaining financing on behalf of your business. Prior to you starting a small business, or if you already are running a small business with less than stellar credit, you need to make sure your business is creditworthy. In this tight credit environment, the only way you can qualify for business loans is to have all around good credit. 
 
Providing a complete loan package to your bank will also help increase your chances of obtaining an approval. Often times business owners will go to the bank and verbally present their case to the banker without a packaged loan offering. Doing this will almost certainly result in a decline.