Getting Business Loans Approved by Banks
How/Why Banks Approve and Decline Loans; How to Request Credit for your Business, and Discuss It With Banks
Ratings 4.82 / 5.00
What You Will Learn!
- Learn How the Quality of Credit Request can determine if it gets approved by Banks
- Understand why Banks need information from borrowers, ask so may questions, and how that influences their approval decision
- Learn where do Banks base their credit decision making (credit analysis) and what really matters to get a Loan approved
- Learn the basics of Credit Risk; how Banks interprete credit scoring and what influences it
- Learn how to prepare for a discussion with a Bank when requesting a business loan
- Learn all types of concerns Banks take into account when analysing credit proposals
- Know what types of Business Loan requests Banks will likely decline and why
Description
This course explains how Banks look at requests for business loans, and what Business owners or Finance Managers in charge of Financing should know to improve the Chance-to-Yes, meaning, the chance of a loan approval.
Preparing a good financing proposal and being able to discuss it with the Bank is essential to increase the probability of having the loan approved.
During the course you will understand how banks interpret the requests for financing (do their credit analysis) from their risk point of view, what information they require and why and why TRUST is important. Many times entrepreneurs not only do not know which information to provide to banks, but also do not understand which information is crucial for them to make a decision. This course will explain it all.
Banks look at all sorts of risks in order to make a credit decision, and in this course I will go through all of them with you. We will also look at what type of loans requests Banks do not usually support and the reasons for that.
By getting the communication with the Bank right, convincing Banks to grant the business loan becomes far easier.
(The course deals with business loans only, and not personal loans like mortgages, car or other consumer financing)
Who Should Attend!
- Beginner credit analysts at Banks responsible for analyzing loan requests from businesses
- Finance Managers (or anyone else) responsible for preparing loan requests for Banks
- Small&Medium Entrepreneurs and Business Owners in need of financing for their businesses
- Students of Finance, Banking or Risk Management topics interested in knowing how Banks look at business credit requests
- Anyone responsible to present and discuss business loan requests directly with Banks
