Getting Your Banker to Say Yes
Make things easy on your banker--it's your quickest path to capital.
Did you know that in many instances when a banker says no to a loan request, the reason is that the borrower simply did not provide the information necessary for the banker to say yes? Most banks will not make an effort to understand a business if the owner has not made a concerted effort to explain, in an organized and concise manner, the following:
- The company's business: what the company will do with the money it wants to borrow
- How the company intends to repay any borrowed funds
Let's take a look at the basics that every small-business borrower should cover to ensure bankers view their business in the best possible light.
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