Bank Funding Banks are generally the cheapest way to finance your company other than with your personal cash flow. There are different types of bank loans: lines of credit, equipment loans, business purchase, inventory or flooring lines. If you can call it collateral and take a loan out on it, banks will lend versus it. [...]

Today I’d like to talk about one of my latest clients, as its a good look into the current lending market and explains why its so important to have a full and complete loan package. My client consisted of two partners running a commercial real estate development firm. As you know the last few years [...]

I’ve seen so many owners that will do anything to get out of guaranteeing their own company’s debts. While the owner believes that his or her company should stand on its own, and that not guaranteeing debt is a point of pride for them, I believe they often don’t understand the reason why the bank’s [...]

I keep in touch with a lot of lenders in my role as a “money finder” for companies. This means that I also get to find out a lot about what banks are looking for (or not) and changes in policies and procedures. I’ve been making the rounds this month and thought I would share [...]

The Bank has all your company’s financial statements- what do they do with them? What are they looking for? Why do they need all of them? I often hear from companies when they are turned down that the bank declined due to ratios that didn’t meet the banks minimum standards. Here are the three most [...]

The company financial section of your loan package is the most important part. Generally, the lender will look at this part before anything else and they often make judgments that can negatively impact the chance of getting your loan even moved to the Credit Administrator that actually makes the lending decisions. The company financials required [...]

Recent news shows that banks have turned the corner and are beginning to show solid profit gains. What this means for businesses is that over the next year, banks will not only begin to lend but will start actively looking for companies to bring over from competitors. I am not seeing a significant lowering of [...]

On the front page of the Wall Street Journal December 30th was an article declaring that banks were starting to lend money to businesses again.  This issue has been of concern for the last couple years- the chronic lack of lending to businesses has been seen as one of the big obstacles to beginning a [...]

Thanks to Zita and the members of Dream Team Women, I have made this first step toward the blogging universe.  I look forward to sharing with anyone who wants to listen and hope to be of service to businesses as they work their way through the ordeal that is bank lending these days!