Confused by business banking? This course simplifies it, showing you how to make smart financial choices and use banking tools to grow your business.
Course Requirements
- Basic knowledge of finance and accounting
- Access to a computer with internet connectivity
- Calculator and notebook for practical exercises
Course Description
This Business Banking course is plain and practical. It cuts through the noise and gives you what you need. You’ll learn how banks work for businesses and how to use them to your advantage. It’s about making smart choices, i.e., finding the right services, managing resources, and growing your business. The course sticks to the basics, mixing clear principles with hands-on advice. You’ll walk away ready to handle banking, lending, and cash management with confidence and clarity.
What Will You Learn?
- Understand the basics of business banking—types of accounts, services, and their uses.
- Learn how to assess and choose the right banking products for different stages of business.
- Gain insight into loans, lines of credit, and financing options.
Course Curriculum
Module 1: Introduction to Business Banking Start with the basics. This module gives you the foundation you need to understand how banks serve businesses and how to make smart financial decisions.
- Lecture 1: What is Business Banking? Learn what makes business banking different. We’ll cover business bank accounts, essential products, and the role banks play in supporting businesses.
- Lecture 2: Types of Business Bank Accounts Understand the purpose of business checking, savings, and merchant accounts. See how each one fits different financial needs and cash flow plans.
- Lecture 3: Choosing a Business Bank This lecture will show you how to evaluate fees, account features, digital tools, and support to find the best fit for your business.
Module 2: Business Financing Options This module explains the types of funding banks offer and when to use them.
- Lecture 4: Business Loans Learn the loan terms, such as how they work and when to use them. Learn about interest rates, repayment terms, and what to watch for in loan agreements.
- Lecture 5: Lines of Credit and Overdrafts See how lines of credit and overdrafts can cover short-term cash needs. We’ll look at their costs, uses, and best practices for managing them.
- Lecture 6: Asset-Based Financing and Equipment Loans Learn how to use asset-based loans and equipment financing to grow your business. This lecture shows you how to secure funding for big purchases.
Module 3: Cash Flow Management This module teaches tools and strategies to manage and optimize it.
- Lecture 7: Understanding Cash Flow Statements Get a clear view of cash inflows and outflows. Learn how to read cash flow statements and assess your business’s financial health.
- Lecture 8: Budgeting and Forecasting Discover practical ways to build budgets and forecast revenue. This lecture helps you plan for the future and set achievable goals.
- Lecture 9: Cash Flow Optimization Strategies Focus on strategies like better invoicing, expense control, and cash reserves to keep your cash flowing steadily.
Module 4: Risk Management in Business Banking This module shows you how to recognize and reduce banking risks.
- Lecture 10: Identifying Banking Risks Learn about fraud, cybersecurity threats, and liquidity risks. This lecture shows you how to spot them and protect your business.
- Lecture 11: Fraud Prevention and Cybersecurity Stay safe. This lecture teaches techniques to prevent fraud and secure banking transactions with the right tools and practices.
- Lecture 12: Credit Risk and Creditworthiness Build a strong credit profile. Learn how credit risk works and how it affects your ability to secure loans with favorable terms.
Module 5: Compliance and Legal Aspects of Business Banking Regulations matter. This module explains the legal side of banking and how to stay compliant.
- Lecture 13: Business Banking Regulations Understand the laws that govern business banking, like AML and KYC policies. This lecture explains why compliance is critical.
- Lecture 14: Reporting Requirements and Record-Keeping Learn how to keep accurate records and meet reporting standards for taxes and audits.
- Lecture 15: Legal Issues in Business Banking Avoid trouble. This lecture covers contract disputes, liabilities, and how to resolve banking conflicts effectively.
Who is this Course For?
This course is ideal for business owners, entrepreneurs, finance managers, and anyone who wants to understand the fundamentals of business banking. It is suited for both beginners and those looking to refresh their banking knowledge to make better-informed financial decisions.
Certificate of Completion
Upon completing the course, students will receive a certificate acknowledging their understanding of essential business banking concepts. This certificate can serve as a valuable addition to their professional credentials.