What is a Commercial Lending School?
A commercial lending school teaches courses from basic to advanced techniques of commercial lending. Commercial lending is defined as a financial arrangement between a business and a financial institution, and it helps corporate entities fund capital expenditures or short-term costs.
Commercial lending schools provide courses that target both individuals and corporate entities that require knowledge in the subject, as well as those who engage in commercial lending as part of the day-to-day operations. Financial institutions such as banks may require their employees to undertake courses in commercial lending as a way of enhancing their capacity to handle businesses looking for commercial loans.
Students seeking a career in banking can pursue a course in commercial lending as a way of improving their skills and knowledge, subsequently increasing their chances of landing a career in the top commercial banks.
- Commercial lending schools provide training to credit professions on the dynamics of commercial lending, from the basic processes to the advanced techniques of evaluation.
- Commercial lending schools can be either traditional institutions or online schools that are accredited to provide training to students and credit professionals.
- Students can choose to pursue commercial lending as a course in associate degree, degree, master’s or Ph.D. programs, or as an industry certification by professional bodies or associations.
Types of Commercial Lending Schools
Commercial lending schools can operate from different platforms, and students can choose to attend traditional institutions, attend online classes, or choose self-teaching programs. Attending commercial lending schools in any of the platforms can equip students with knowledge of the emerging trends in the commercial lending industry. Also, they get an opportunity to network and collaborate with other professionals and industry leaders involved in the programs.
Commercial Lending School Online Courses
Online platforms are the most popular option for students looking for convenience and the ability to continue with their regular day jobs without disruption. Commercial lending schools that offer online courses allow students to attend regular classes and get assessed through periodic assessments and end-course examination.
The students also gain fundamental skills in commercial lending without necessarily attending traditional institutions. They are required to attend a specific number of hours per course before they can be allowed to complete the course and take an examination.
Commercial lending online courses allow instructor-student interactions. Instructors can lecture, administer assessments, supervise exams in real-time, and award relevant qualifications to the learners. Equally, the learners can follow sessions in real-time or through prepared learning materials like videos, podcasts, or text formats.
Online schools are beneficial to both students and instructors. Students benefit from greater flexibility and cheaper costs than traditional institutions, which charge higher tuition fees. Instructors save on costs that they would’ve otherwise incurred in renting physical space or acquiring premises that allow for a physical school layout. On the downside, commercial lending online schools are largely unregulated, and students may not get quality content of learning equal to what is taught in traditional institutions.
Traditional Commercial Lending Institutions
In existence for a long time now, traditional institutions are the preferred learning option for most students. They are also preferred by employers who are looking for students who attended regular programs, either an associate, bachelor’s, master’s, or Ph.D. program, in accredited learning institutions with a physical location. Traditional institutions are more rigorous, and students must attend weekly classes, take regular assessments and timed exams, and submit assignments to their instructors for grading.
Traditional institutions are highly regulated by government regulatory authorities. The institutions must meet the set standards in terms of course content, learning materials, certifications, and learning environment. Students benefit from one-on-one interactions with the instructors during classes. They get a chance to ask and respond to questions from the trainer or other students attending the course.
Course materials include printed documents, physical books, e-learning materials, podcasts, videos, etc. Attending commercial lending courses in a traditional institution takes longer than most online classes, but graduate students are better prepared to handle commercial lending responsibilities in the formal commercial banking environment.
Self-teaching disregards traditional institutions and online schools, and the student chooses to pursue secondary sources of knowledge that equip them with the necessary skills and knowledge about commercial lending. Students who pursue such an option are often professionals in the banking industry who already completed formal training in banking and are looking to equip themselves with knowledge on commercial lending.
The source of knowledge for students who choose self-teaching can be books recommended by traditional or online schools, books authored by industry leaders, or free online resources that are available to banking professionals. Students can also use or buy course materials such as hard-printed learning materials and video training materials that are offered by online schools.
CFI offers the Certified Banking & Credit Analyst (CBCA)™ certification program for those looking to take their careers to the next level. To keep learning and developing your knowledge base, please explore the additional relevant resources below: