Date: April 26 - 28, 2017
Location: Toronto, ON
This course is held in partnership with International Economic Development Council (IEDC) and has been adapted to fit the professional development needs of the Canadian economic developer. While anyone may attend, all content covered in the course may not be relevant for a U.S. based practitioner.
» Agenda
» Instructors
» Certification
» Accommodations/Training Location
This hands-on course presents business financing tools and available private financing options, as well as how the public sector can complement bank financing. You will learn how to stimulate private sector investment that results in the creation of permanent, private sector jobs and increased productivity. Course participants will also perform credit analysis by determining how well a company buys and sells to make a profit. Learn how to read financial reports, financial statements, balance sheets and profit and loss statements. Enroll now to understand the basics of structuring deals for small businesses that often combine public and private sector financing programs.
Course Highlights:
- Business credit analysis and deal structuring/restructuring
Credit risk, maturity risk, rate risk and liquidity
Determining if a firm is productive and profitable
Analysis of small business lending programs
Negotiation and loan packaging options
Review lending programs
Overview of real estate financing and lending tools
Students should bring a calculator to this course.
Agenda
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April 26
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8:30 - 9:00 am
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Registration
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9:00 am - 12:30 pm
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Economic Development Finance Concepts
This session provides economic developers with insight into the obstacles small business owners face in finding affordable expansion financing. Participants are give an overview of business financing needs and available financing options. The role of public agencies in complementing bank financing is also explored.
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12:30 - 1:30 pm
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Lunch on your own
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1:30 - 3:00 pm
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Introduction to Business Credit Analysis
How does a bank determine whether a business is creditworthy? This session details the credit analysis procedures banks use in making loan decisions. Participants investigate two business financial statements: the balance sheet and the profit-and-loss statement.
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3:00 - 5:00 pm
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The Balance Sheet
Where's the cash? Participants learn about the accounts on the balance sheet in order to analyze how a company used its cash. Assets, liabilities and net worth accounts will be defined and explained during this session.
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5:00 pm
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Homework Assignment
The evening in-class "homework" session will consist of case studies of actual businesses. Participants will learn how to spread financial statements and perform credit analysis on operating businesses. This is the first step in determining whether the business is creditworthy and can repay an expansion loan.
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April 27
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8:30 - 9:30 am
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The Profit & Loss Statement
The profit and loss statement is used to determine how well a company buys and sells to make a profit.
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9:30 - 10:30 am
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Quality Indicators
This session continues the hands-on approach to making credit decisions about small businesses. Participants learn about various financial tools, known as quality indicators, which are used to analyze a company's creditworthiness.
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10:30 am - 12:30 pm
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Case Studies
Participants will utilize the credit analysis performed on Monday night to make decisions about an operating business. Students will learn how to determine if the company pays it suppliers on time, collects its receivables, and controls costs to make a profit.
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12:30 - 1:30 pm
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Lunch on your own
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1:30 - 3:30 pm
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Economic Development Financing Programs
Participants learn how the programs can be used to finance businesses in their communities. Understanding the programs' requirements will enable participants to increase the use and availability in their communities. Participants use the program information learned to structure deals for small businesses that combine public and private-sector financing.
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3:30 - 5:00 pm
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Structuring the Loan
The case studies completed earlier are continued this afternoon. Participants will structure financing for the company for the expansion project, using adjusted cash flow and public and private sources of funding.
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5:00 - 6:30 pm
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Homework Assignment
The evening homework builds on the skills developed through Monday's and Tuesday's sessions. Participants will underwrite a loan for an operating business, by spreading historical financial statements, reviewing the quality indicators and structuring a loan that the company can afford using public and private financing sources.
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April 28
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8:30 - 12:00 pm
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Developer Real Estate Financing
This session covers the motivation and requirements of real estate developers. Communities can influence the development process by providing financial incentives. Understanding developer requirements for minimizing risk and maximizing return, as well as the lending requirements of commercial banks, will help participants make informed decisions when providing financial incentives on real estate development projects.
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12:00 - 1:00 pm
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Lunch on your own
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1:00 - 4:00 pm
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Economic Development Financing Programs
Financing programs that influence real estate development projects are reviewed. Other federal, provincial and local financing programs are also explored. This session concludes with a real estate development case study, in which participants determine the amount of public assistance needed for a project to move forward.
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4:00 - 4:30 pm
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Wrap-up/Evaluation/Certificates
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* Agenda subject to change
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**PLEASE NOTE: In order to receive full IEDC certification credit for this course and a certificate indicating course completion, participants must attend the entire course and stay through the final session on the last day. Please make travel plans accordingly.**
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Instructors
Sheldon Bartel
Grow America Fund Loan Officer
National Development Council
Sheldon is responsible for analyzing and underwriting small business loans in NDC client communities across NDC’s central region. He also works with GAF’s loan closing and portfolio management team to ensure his communities and borrowers receive outstanding service. Sheldon, an NDC Economic Development Finance Professional (EDFP) and IEDC Certified Economic Development Professional, has over 15 years of experience delivering one to one technical assistance, training, and financing for small businesses and microenterprises. His depth of knowledge and experience covers federal, state, and local economic development finance programs based on his extensive practice with local, multi-county, and multi-state economic development initiatives.
Certification
Accommodations/Training Location
Westin Harbour Castle Hotel
1 Harbour Square,
Toronto, ON M5J 1A6, Canada
Cut off Date: March 31, 2017
Rate: $229 CAD
Registration
EDCO is pleased to offer a special rate of $595 plus HST for all registrants through this page.
*Walk-in registrations will be accepted. Full payment must be made on-site in order to attend the course.