Understanding Banks: An Insider's View for Contractors
In today’s competitive construction environment, ensuring that you have sufficient credit capacity and working capital is paramount to your company’s success.
This on-demand session uncovers what banks are looking for from borrowers in the engineering and construction industry and how you can keep your lending relationship positive in today’s environment.
After this session, you will be able to:
- Evaluate the current national contractor lending environment.
- Identify what banks are looking for from borrowers and the key factors a business should ensure are in place.
- Evaluate how size and diversification impact a bank's risk profile, structure of facilities, and terms they may entertain in lending.
- Explain a bank's perspective on the differences between short and long-term debt, matching purpose to credit facility, covenants, historical performance, and conditions.
- Interpret construction industry outlook, trends, and market conditions from the perspective of a portfolio manager overseeing a large national portfolio solely made up of contractors.
Level & Prerequisites
This program is a Basic level online self-study course that was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn .5 CPE credit in the field of Finance upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn .5 CCIFP Professional Development credit which can be applied toward the General or Construction Knowledge requirement.
CPE Note
Please note: this on-demand course was reformatted from a session from CFMA’s 2024 Annual Conference. Learners are only authorized to claim CPEs for this course once.
Course Length
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Take This Course?
- Business Owners
- CFOs
- Construction Financial Professionals
- Contractors
- Controllers
- CPAs
- Professional Advisors
- Risk Managers
- Subcontractors
Price
- $45 for CFMA Members
- $55 for Non-Members
Contributing Developer
CFMA Colleague Discount
If you are a CFMA member and would like to enroll someone at your company in this course who is not a CFMA member, please contact CFMA at education@cfma.org for more information.
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.