Course Syllabus

 

Course Description

Business Credit 101 provides potential and current business owners with the necessary knowledge to successfully use credit within their business. There are many reasons why business operators rely on credit to maximize their business potential, but it is necessary to have an insight into the business credit arena to ensure that business credit is used effectively.

This course takes you through the basics of business credit giving you an opportunity to understand what business credit is, how to obtain business credit, the best type of business credit and even explores the taxation aspects of business credit. Business Credit 101 will provide aspiring and current business owners the necessary knowledge to effectively manage their business credit and financial needs.
  • Completely Online
  • Self-Paced
  • Printable Lessons
  • Full HD Video  
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what business credit is and why it is important to the success of any business.
  • Describe the credit bureaus for business credit.
  • Describe the procedures involved in establishing business credit.
  • Describe the legal business entities that best avoid personal financial liability.
  • Describe the requirements to establish business credit.
  • Describe the methods used to better ensure business credit approval.
  • Describe the procedures to develop a business plan.
  • Describe different types of business credit available for your business.
  • Describe common techniques to manage company debt.
  • Describe the implications of taxes on business credit.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 
 

Assessment Guide

Assessment Points
An Introduction 1 points
Quiz for Lesson 1 - What is Business Credit? 10 points
Quiz for Lesson 2 - Credit Bureaus 10 points
Lesson 3 Assignment: Keeping Business and Personal Separate 2 points
Quiz for Lesson 3 - How To Establish Business Credit 10 points
Quiz for Lesson 4 - Limited Liability Companies and Corporations – Protecting Your Personal Cr 10 points
Quiz for Lesson 5 - Company Registration Requirements To Establish Business Credit 9 points
Quiz for Lesson 6 - Business Credit Requirements 9 points
Quiz for Lesson 7 - Business Credit Administration Ensuring Business Credit Approval 10 points
Quiz for Lesson 8 - Preparing Business Plan 9 points
Lesson 9 Assignment 2 points
Quiz for Lesson 9 - Business Credit Without Personal Guarantees 10 points
Lesson 10 Activity: Managing Business Debt 2 points
Quiz for Lesson 10 - Managing Business Debt 8 points
Quiz for Lesson 11 - Maintaining An Active Business Credit Profile 10 points
Lesson 12 Assignment 2 points
Quiz for Lesson 12 - Taxation And Business Credit 10 points
Quiz for Lesson 13 - Business Credit Pitfalls 10 points
The Final Exam 63 points
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