The Business Loan Formula
What you'll learn
- better understand the business lending process
- know how to calculate the key ratios lenders look at
- be better prepared to negotiate favorable terms and rates
- get a loan
Requirements
- Something to take notes with (i.e. paper/pen, Evernote, etc.)
- If possible, have any financial reports on your company handy (i.e. Profit/Loss statement, Balance sheet, tax returns, etc.)
- Have a calculator handy
Description
*Note - this material is useful for people looking to borrow money for their business. If you are looking to start a business as a commercial loan broker and/or officer at a lender this information is also available in my course "Commercial Loan Broker in a Box", along with more information about how to run such a business (such as email templates for prospects, referral partners, and more).
Not every business needs capital to grow. But to those that do, the process can be intimidating. And not understanding how business lending works can cost you energy, money, and time.
Here's the good news. As someone that has been involved in over $500,000,000 worth of business loans, I know the process inside and out. And I am going to teach you!
No more frustration from being turned down over and over!
In this course, I will take you through the various technical aspects of how business loans work.
I'll guide you through over 30 video lessons (with some accompanying written explanations) detailing an inside look into the types of information lenders ask for and why they ask for it.
In a few hours, you will know as much as most lenders! Imagine how much easier that will make your next business loan application feel!
P.S. Please note that the lessons were intentionally kept short. This course was designed with beginners in mind and to extend the lessons deeper could cause confusion. Additionally, by reducing production efforts I am able to keep the course affordable. Don't worry, what you will learn in a short amount of time will be more than enough to improve your chances of getting funded.
*Note* - Please be aware that I recorded new versions of some of the lessons to improve the experience. So, you may see some inconsistencies in formatting and other changes.
Who this course is for:
- business owners
- Chief Financial Officers
- Chief Executive Officers
- Mortgage brokers
- Commercial real estate brokers
- Loan brokers
- entrepreneurs
- startups
Instructor
- 4.7 Instructor Rating
- 1,082 Reviews
- 11,915 Students
- 6 Courses
Hi, there. ?
I'm JP.
I'm a 3x founder and 2x Senior Executive in Finance and Product Management where I've helped companies raise over $800M in funding and do over $300M in product launches.
In hopes we can learn more about each other, here are a few things that define me:
- Proud husband and father
- Have helped entrepreneurs raise over $800,000,000 in capital between both debt and equity facilities
- Founder of 3 startups. Each named “first-mover” in their respective industries
- Helped multiple companies improve their sales and net profit by 10x factors
- C-level executive in the banking industry
- Recognized as the top lending executive in my industry in 2014
- Recognized for innovation in the banking industry for my Feasible Funding software solution
- Led the top Small Business Administration (SBA) lender in my state for 4 consecutive years
- Marketing degree and have run the Marketing Department for a 230MM organization
- Regular pitch competition judge and incubator mentor
- Board member for the Fairview Technology Incubator
- Board member to one of the first healthcare co-ops in the United States
- Board member to the second-largest credit agency in the United States
- 1996 State Karate Champion
- Trained in Brazilian Jiu-Jitsu under the Gracie family
- Have coached multiple people through massive weight loss (50+ pounds)