Videos from our free online course in Business www.myownbusiness.org Session 9 as your business Finance question "Are there recommendations you should have someone trying to make a loan application to a financial institution?" Rod Banks Executive Vice President, National City Bank issues discussed in this video: commercial loans, financial, banking, honesty Transcript: One of the best things you can do a new entrepreneur is to think of their bank as a financial partner. The structure of aRelationship with the bank, with the institution, the individual will be the key. I want to find someone who is really interested in your company: Who has the time, who is to go around and ask all the questions for the case. Because if you think about it, this is the person who is going to be your representatives to speak again to the bank about your business. Now in its side, you should invest at the right time, the relationship with the bankers who build.Learn about them. Find out how long the bank where his career and make sure to keep in touch and build a relationship over time. And the last piece of advice I would offer is that no matter what that information might be about your business, share forever. The bankers want to know as much as possible about your business. You do not like surprises. If you have a really bad news is much more than you deliver it like that heard of the Bank, in contrast to second-hand.I know ...
Tags: Start, starting, business, loan, unsecured, secured, collateral, investment, lender, bank, funding, financing, write, plan, banking
No comments:
Post a Comment