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Exploring the Essential Features of “Kyle Peterdy – Equipment Finance – CFI Education”
Equipment Finance Course
In this course, examine the different ways that non-real estate capital expenditure can be debt-financed, including how to make sense of operating and capital (finance) leases
- Understand how public security filings work and how they may impact creditors
- Explore different appraised values that lenders encounter
- Practice adjusting financial ratios for borrowers with operating leases
Overview
Equipment Finance Course Overview
This Equipment finance course will explore the concepts behind non-real estate capital expenditures to grow fixed assets on the balance sheet. We will identify the sources of equipment financing to understand the different types of lenders before moving on to the differences and similarities between term loans, capital leases, and operating leases.
This course will explain how security filings & public registries work concerning debt and collateral and how these differ for term loans and leases.
We’ll look at eight critical criteria for analyzing and underwriting a transaction and how the different lending structures affect these criteria. After, we will walk through an example client with an operating lease and adjust financial statements to calculate adjusted lending ratios. Lastly, the course will cover additional sale-and-leaseback concepts, financing new and used equipment, and handling non-standard advances.
Equipment Finance Learning Objectives
Upon completing this course, students will be able to:
- Identify different financing options for non-real estate capital expenditures,
- Explain how security filings and public registries work,
- Define the differences and similarities between term loans, capital leases, and operating leases,
- Adjust financial statements for an example client that has an operating lease,
- Calculate adjusted lending ratios for borrowers that use operating leases
- Explain financing structures for new and used equipment.
Who should take this course?
This Equipment Finance course is designed for beginner and intermediate-level lending professionals, including relationship managers, analysts, and credit adjudicators in commercial banking or equipment finance operations. This content is also highly relevant to loan brokers and small business banking professionals, who are involved in these types of transactions day-to-day. By covering the different elements of equipment finance in specific detail, you will be able to identify better solutions around lending structures for clients & prospects. The exercises and tools explored in this course will be useful for any financial analyst who wishes to work in credit analysis, commercial banking, and other areas of lending and credit evaluation.
What you’ll learn
Introduction
Introduction
Download Course Files
Equipment Finance Background
Background
Sources of Equipment Financing
Supplier Financing
Interactive Exercise 1
Types of Equipment Finance Lending
Operating Lease vs. Capital Lease
Historical Context
Interactive Exercise 2
Security & Registrations
Public Property & Security Registration
Registering Security
Leasing and Title
Interactive Exercise 3
Term Loans vs. Leasing
Term Loans vs. Leasing
Loss Given Default (LGD)
Loan-to-Value (LTV)
Interactive Exercise 4
Amortization
Key Financial Metrics
Rate
Interactive Exercise 5
Perfecting Security
Disbursement of Funds
Interactive Exercise 6
Midway Check-in
Understanding the Financial Statements
Assumptions and Explanation
Balance Sheet
Income Statement
Ratios
Converting an Operating Lease
Adjusting the Balance Sheet
Income Statement and Ratio Adjustments
Converting an Operating Lease Example
Converting an Operating Lease Example (cont.)
Additional Concepts
Leasing Contract
Sale-and-Leaseback
“Value”
Non-Standard Advances
Interactive Exercise 7
Summary
Qualified Assessment
Qualified Assessment
Please see the full list of alternative group-buy courses available here: https://lunacourse.com/shop/
