The language of the banker can be confusing. There are so many terms and acronyms, it’s hard to understand the financing process.
In this post and short video we’ll review what the key lending terms are, why you need to know, and how to use them to so you can put together the best loan structure for your business.
- Loan to value (LTV) ratio
- Principal and interest (P&I)
- Term of loan and amortization period
- Bank covenants (promises to the bank…that you don’t want to break)
Watch the short video Brewery Financing Basics: Key Lending Terms
P.S. Get the Brewery Financing online course included with your subscription to Craft Brewery Financial Training.