Available in:

OnDemand Course

Bankers Guide to Sole Proprietorships

Develop your expertise in assisting small businesses not only in securing traditional financing options but also nontraditional and new methods.

Many small business owners seek to expand but lack the necessary funding for their expansions efforts. These small business owners often do not know where to start in a search for loans, struggle to understand the tax implications, and are often confused about where to turn if they are denied a loan. Many of these business owners also lack the expertise to evaluate whether or not the offered loans are their best option and often don't know if the deal will protect them and their businesses financially. This topic helps the persons responsible assisting small business owners in identifying and securing possible loans and grants to help expand their businesses. Learn to teach your clients to tailor their business to secure traditional financing. Additionally, this information will develop your expertise in assisting small businesses not only in securing traditional financing options but also nontraditional and new methods. Develop an understanding of the challenges sole proprietors face and how you can better serve your clients in their pursuit of securing the desired financing.

86 minutes
Certificate of Completion
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Form 1040 and Related Forms

  • 1040 Overview
  • Form Schedule C Overview
  • Form Schedule E Overview
  • Form Schedule F Overview

Understanding Basic Differences Between GAAP and Tax

  • Cash-Based vs. Accrual-Based Accounting
  • Treatment of Depreciation
  • Which Method Is Easier for Creditors/Investors to Assess Financial Vitality
  • Impairment Analysis - (GAAP) Declining Assets (i.e., Under-Occupied Buildings) Subject to Cash Flow Projection Analysis by External Auditors

Lending Challenges to Sole Proprietors

  • State and Municipal Level Programs
    • State Level
    • Municipal Level
  • Non-Traditional and New Funding Techniques
    • Crowd Funding
    • PeerToPeer Loans (P2P)
    • Alternative Short Term Loans
    • Kabbage
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 7, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Michael J. Anthony, Esq.

Michael J. Anthony, Esq.

Anthony Law, LLC

  • Founding attorney at Anthony Law, LLC
  • Anthony Law focuses in the areas of business litigation, real estate and construction and general corporate law
  • Professional associations and memberships include the Columbus Bar Association, Lawrence Funderburke Youth Organization, board member and legal counsel and small business advocate, editor
  • J.D. Degree, cum laude, Capital University Law School; B.A. degree in history, Cederville University
  • Can be contacted at [email protected] or https://anthonylawllc.com/attorney/mike-anthony
No photo available

Cia Moreno

Fore Title, LLC

  • Escrow officer at Fore Title, LLC., a company that provides title abstracting and settlement services
  • 20 year career experience includes mortgage lending, nonprofit accounting and title Insurance processing
  • Special focus on relationship building and individualized training
  • New School of Architecture & Design, San Diego, California - area of study: interior design and architecture
  • Can be contacted at [email protected]
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 397433
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!