Small Business Credit Training – Understanding Credit Process and Loan Approval basics

3 mins read

The course assumes that you have some basic knowledge of finance and accounting. If you need a quick refresher and if you haven’t had a chance to look at the accounting and finance training material earlier please review the first courses in accounting and finance:

Corporate Finance Training Courses: First Course in Corporate Finance – Training Guide

Basic Accounting Training Courses: First course in accounting for small business – Training Guide

Before you apply for credit or a loan facility at your local bank the one thing you can do to improve your chances is to understand the credit approval process at a bank. How does the bank work with your application, what do they look at, what can you do to make a stronger case for credit approval. Here is the first course on Credit process. You can go straight to the course or walk through the lesson plan below

Small Business Credit Training: Understanding Credit Process and loan approval basics for small businesses

Credit Process

While the Small Business Credit Analysis course started the discussion on financial and operating leverage and the thinking behind the borrowing decision, the Credit Process course focuses on the lending side of the equation.

Small Business Credit Training: Credit Process: Mindset

Small Business Credit Training: Credit Process: Understanding the language – I

Small Business Credit Training: Credit Process: Understanding the language – part ii

Small Business Credit Training: Credit Process: Why do businesses borrow money?

Small Business Credit Training: Credit Process: Lending products?

Small Business Credit Training: Credit Process: Review

Small Business Credit Training: Credit Process: Credit Culture and Information Gathering Foundations

Small Business Credit Training: Credit Process: Credit memo: information gathering and processing

Small Business Credit Training: Credit Process: The Credit Decision

Small Business Credit Training: Credit Process: Credit Decision – factors

Small Business Credit Training: Analyzing Cash flow Statements: Examples

Accounting Crash Course

The basic accounting short course for small business was put together as a quick accounting survival guide for accounting neophytes.  As small business owners we may understand debit and credit and the concept of Journals and Ledgers, some of us missed the formal organization of an accounting course.  The course starts with the very basics of accounting and builds up to the trial balance. The next part of this course will review the 3 financial statements including the balance sheet, the P&L and the statement of cash flows.

For those of you new to the topics of finance and accounting a quick terminology refresher may be useful. You may want to see the first course in finance before you start on the accounting materials.

Basic Accounting Training: Accounting training for small businesses

Basic accounting Training: Accounting training for small businesses – Introducing Debit & Credit

Basic accounting Training: Accounting training for small businesses – Preparing the T-account

Accounting Training: Small business accounting training – Books of Original Entry – Journals and Ledgers

Accounting Training: Small Business Accounting Training – Sales Journal and Sales Ledgers

Accounting Training: Small Business Accounting Training – Sales Journal, Sales Ledger and Trade discounts

Accounting Training: Small Business Accounting Training – Purchases Journal and Purchases Ledger

Basic Accounting Training: Small Business Accounting Training- Integrating Sales, Purchases & Returns

Basic Accounting Training: Accounting Training for small businesses- Cash Book and recording cash discounts

Basic Accounting Training: Small Business Accounting Training: Cash Book Example

Basic accounting Training: Small business accounting training – General Ledger example

Accounting Training: Small Business accounting training – The Trial Balance and accounting control

Accounting Training: Small business accounting training – Reviewing the Trial balance example

First Course in Corporate Finance

The first course in Corporate Finance introduces concepts of Financial Statements, Time Value of Money, Risk and Return, Opportunity Cost, Cost of Capital, Weighted Average Cost of Capital and Return measures. It includes a case study on Electronic Arts valuation.

The first training course in Corporate Finance – Session Zero

Corporate Finance Training: Financial Statements – Balance Sheet, Profit & Loss and Cash flows

Corporate Finance Training: The Balance Sheet, Assets, Depreciation

Corporate Finance Training: Balance Sheet: Liabilities & Working Capital

Corporate Finance Training: Equity and the Income Statement

Corporate Finance Training: Risk & Return

Corporate Finance Training: The many faces of Return: ROE, ROIC and Payback

Corporate Finance Training: Discount rate and time value of money

Corporate Finance Training: Present Value in Action

Corporate Finance Training: Calculating Internal Rate of Return or IRR

Corporate Finance Training: Opportunity Cost and Cost of Capital

Corporate Finance Training: Beta, Calculating WACC or Weighted Average Cost of Capital

Corporate Finance Training: Case Study: Electronic Arts (EA)