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Overview of Commercial Loan Transactions

This course is designed to introduce students to commercial loan transactions. The course starts by defining commercial finance in general and identifying the purpose of loan transactions. It then describes the common types of loans and identifies the components of a commercial loan transaction. Subsequently, the course identifies the key documents in a commercial loan transaction and describes the role of commitment letters and term sheets. Finally, the course identifies the essential roles transactional attorneys play in commercial finance transactions.

Training courses associates and partners love and law firms need.

Upon completion of this course, participants will be able to: 

  • What is commercial finance?
    • What do we mean by commercial finance?
    • Why is commercial finance important for businesses?
    • Commercial finance key terms
  • Common types of loans
    • Term loans
    • Revolving lines of credit
    • Project loans
    • Real estate loans
  • Components of a commercial loan transaction
    • Determining the type of loan
    • Structuring the transaction
    • Drafting the loan documentation
    • Closing and refinancing of existing indebtedness
  • Key documents in a commercial loan transaction
  • Role of commitment letter/term sheet
    • Purpose of a commitment letter and term sheet
    • Interest rates
    • Floors and caps on variable loan rates
    • Commitment/origination fees & other out-of-pocket expenses
  •  Roles of transactional attorneys in commercial loan transactions

Supplemental Materials/Additional Resources

  • Sample term sheet
  • Sample commitment letter
  • Sample credit agreement
  • Sample note
  • Sample guaranty

The AltaClaro Difference

Effective Learning with ROI--Backed by Education Science

Step 1: Learn

Learn at your own pace, absorbing lessons in short, easily digested segments led by experienced practitioners.

Step 2: Do

Apply what you've learned to solve real-world client scenarios, using transaction documents derived from actual deals.

Step 3: Review

Deepen your learning in virtual review sessions with an experienced practitioner. Review model answers and ask questions.

Class Content Overview

Course Details

2 CLE Credits is available for each course.
Students are presented with a banker that has reached out regarding a proposed credit facility consisting of a term loan and a revolving loan facility that the bank team has greenlighted for approval. Students are asked to (i) prepare a commitment letter that commits the bank to legally provide the credit facility and (ii) provide a succinct term sheet that spells out the salient terms for the borrower.

Instructors Who Practice What They Teach

Our vetted instructors are global practitioners with outstanding professional and educational qualifications and demonstrated achievement in their fields. All have 10+ years Big Law experience.

In addition to their accomplishments as practitioners, our instructors are also passionate about teaching. We carefully interview instructor candidates to assess personality, domain expertise and effectiveness in the classroom. Our instructors must maintain a 4.5 out of 5 rating from students.


Our Trusted Network of the World’s Leading Law Firms

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Praise for Our Legal Instructors

“Doug was very engaging, which was helpful and kept the review session moving.”
AM Law 200 Firm
“John had deep subject matter insight. It was an excellent class.”
AM Law 200 Firm
“Hellen did a fantastic job at meeting us at our experience level ...great war stories and practical tips.”
AM Law 200 Firm
“I really enjoyed this live session. The instructor did a great job: he seemed both well-prepared and he was genuinely engaging.”
AM Law 200 Firm
“Mick didn't just walk through the corrections but the thought process behind each change and how it would effect/protect the client.”
AM Law 200 Firm
“The instructor was great and had a lot of great insights to share.”
AM Law 200 Firm

Class material is 100% online, accessible by all standard web browsers. Use your desktop, laptop, tablet, or smartphone--your progress will by synced across all devices.


The class is fully asynchronous. Do the work at your own pace, turn in your assignment when you're ready, and get instant feedback via model answers and video review sessions.


Learn with dynamic, interactive modules that keep you engaged in active learning using a variety of learning modes.


Includes practical assessments throughout the class, plus a capstone assignment where you apply your skills in the context of a real-world matter.

Interested in this Class?

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