Designed for financial managers responsible for financing their company, this course will help participants learn the types of financing appropriate at the different stages of a company's development. Participants will learn about the various types financing available, their appropriate use, and appropriate weighting in the capital structure. Bank financing will be discussed including loan terms, covenants and borrowing limits based growth, leverage and collateral. Alternative financing sources will be discussed including venture capital, private equity, mezzanine debt, SBA loans and factoring. 

Objectives:

- Discuss how the stage of a company's development affects the type of financing which is appropriate.

  - Learn to quickly estimate the amount of financing necessary to support growth. 

- Gain an understanding of the Risk / Return paradigm and its effect on the cost of capital.

  - Discuss bank loans, how they fit into the capital structure, loan terms relative to risk, and typical limitations on borrowing 

- Discuss SBA and developmental authority loans

  - Learn about venture capital, private equity capital, and mezzanine or sub---debt including: the profile of each type of investment fund; the appropriate use of each type of financing; typical investment terms required by each type of investor; and desired return on investment for each type of investor 

- Discuss ways to use preferred stock, buy/sell agreements and convertible debt to finance growth and leveraged buyouts. 

- Participate in hands---on exercises to estimate long---term, short---term and buyout financing requirements.

Please Note: Participants are encouraged to bring their own laptop computer to gain hands---on experience in estimating financing requirements, evaluating financing alternatives, and assessing their impact on the financial condition of the company.