Overview

Loan Covenants Course Overview

In this Loan Covenants course, we will demonstrate how the loan covenants are used in the lending process. 

We will start this course by defining covenants and discussing how they benefit both the lender and the borrower. We will then compare different types of covenants and discuss what a credit analyst should do in the event of a covenant breach.



After that, we will discuss key financial covenant ratios such as total liabilities to equity ratio (debt to equity), debt service coverage ratio (DSCR), working capital ratio, and debt to EBITDA ratio. We will explain what these ratios are, how to calculate them, and how they are used in evaluating a company's creditworthiness. 



Finally, we will complete a case study where you need to build a covenant model in Excel. We will calculate a company's key credit metrics based on the historical and forecast financial statements. We will compare these metrics to the covenants that are set for this business and are suitable for the loan.


Loan Covenants Learning Objectives

Upon completing this course, you will be able to: 

  • Understand the key concepts of covenants in a loan agreement
  • Explain different types of loan covenants
  • Calculate key financial covenant metrics
  • Use a financial model in Excel to model financial covenants




Loan Covenants Is a Required Course of CFI's CBCA™ Program

CFI's Certified Banking & Credit Analyst (CBCA)™ Program offers skills including credit evaluation, documentation, and review procedures. For beginners to advanced users, the CBCA™ program is designed to help you become a world-class credit analyst. 


Who Should Take This CBCA™ Course?

This Loan Covenants course is perfect for any aspiring credit analyst working in insurance, underwriting, rating agencies, commercial lending, corporate credit analysis, and other areas of credit evaluation.

Loan Covenants

$97.00 Enroll Now Free Preview

Approx 3.0 hrs to complete

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Path to Certification

Prerequisite Courses

4 courses from beginner to intermediate level.

01Optional

Core Courses

14 courses from beginner to intermediate level.

02Required

Elective Courses

1 course in advanced level.

03Optional

Get Certified

Submit your CBCA™ checklist and order your certificate.

CBCA Certificate 04Required

Join Our Community

Get access to the Global Corporate Finance Society.

05Optional

How the Certification Works

Certified Banking & Credit Analyst (CBCA)™ courses are offered 100% online, allowing you the flexibility to start the Certified Banking & Credit Analyst (CBCA)™ program anytime and learn when it’s most convenient for you.
Students must complete all core and elective courses (17 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified (CBCA)™ Certification will be emailed to you.

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Upgrade

From $847.00
Full Immersion Certified Banking & Credit Analyst (CBCA)™
Buy Now
From $497.00
Self-Study Certified Banking & Credit Analyst (CBCA)™
Buy Now