Section 8: Personal Financial Statements
Course Description
This course will: describe the purpose of a personal financial statement; explain why borrowers are asked to personally guarantee a loan; explain the information one expects to find on a personal financial statement; define a guarantor, his/her obligations and the process to assess the strength of a guarantor; explain a third party guarantee and when one is needed; explain how a guarantor is used in structuring a loan; and describe how personal financial statements are used to determine the guarantor™s ability to make interest and principal payments. Analyze personal financial statements to help determine sources of cash that can be used for loan repayment. Evaluate the borrower™s willingness to repay the loan.
120 Minutes
Series: Small Business Lending Program (in partnership with Eensight)
Roles: Commercial, Operations & IT, Retail
Course Format: Online Self-Paced
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