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UNDERSTANDING & MAXIMIZING BANK FINANCING (1 DAY)
Banks and other lenders are a primary source of financing. However, there can be substantial frustration in understanding what lenders are looking for in order to advance the largest amount of funds at the lowest rates. In addition, lenders can also impose a variety of terms and conditions which can make managing the business more challenging.
This course provides insight into the mindset of lenders, what they are looking for, and the different types of debt financing. It goes into detail behind different types of bank loans and what bankers look for prior to advancing funds. It provides creative techniques in terms of what you can present to the lender in order to give the lender enough confidence so that they can provide you with the greatest amount of funds at the lowest rate possible.
Topics covered
- How banks work
- How banks work
- General bank lending practices
- Collateral and Security
- Covenants – main types and rationale behind them
- Personal and corporate guarantees
- What happens when a loan goes bad?
- Creative use of trade credit
- Different types of loans
- Lines of Credit
- Margining
- Seasonal requirements
- Bridge Loans
- Term Loans
- When traditional bank financing isn't an option
- Asset-based lending (ABL)
- Subordinate or Mezzanine Debt
- Acquisition financing
- Vendor take-backs
- Other options
Workshop format
This workshop is highly interactive. Participants will work with exercises and case studies to learn through doing. It is highly recommended that participants attend the course prepared to use a calculator or Excel to obtain maximum benefit.
Who will benefit
This course will benefit professionals who know the basics of debt financing but want to know how to approach a banker successfully, identify the advantages and requirements for different types of bank loans and understand more of how lenders approach their decisions. It is particularly helpful to small and medium sized business owners and the financial professionals that support them.
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Price: $649
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