Applying for a Business Loan: What do Banks look for?

 

 

There is a saying that a banker is “someone who gives you an umbrella when it is sunny and takes it away when it is raining!”

I am sure many small businesses have felt this way when dealing with their bank or lender in gaining finance, or simply trying to maintain the finance agreements they already have.  Over the years I have witnessed and experienced the stress, frustration and at times dismay of business owners when a loan approval is not forthcoming or conditions of an approval have not been acceptable to the business owner. Continue reading Applying for a Business Loan: What do Banks look for?