In This Episode
One of the biggest black holes as a business owner typically comes when dealing with your banker. In fact, we tell most business bankers we meet that their customers are afraid of them. The biggest thing a business owner is typically afraid of is saying the wrong things to their banker. Nearly every banker we let in on this secret is shocked to learn their customers are afraid of them.
It doesn’t have to be that way! But, it’s incumbent on the business owner to get a better understanding of what the banker is looking for when it comes to making a decision to loan you money. During tonight’s show we shared several things that are important including things like collateral and cash flow, but we also honed in on the importance of Presenting your company. What does a good Presentation look and sound like?
We shared several stories of clients of ours who have had successes and challenges with getting loans from the banks with everything from lines of credit to equipment loans and loans to fund the buy out of a business and everything in between. If you’re looking to get money from your bank, you’re going to want to listen to this show and have your notebook handy!
People, Companies and Resources We Mentioned in the Show
Goldman Sachs 10,000 Small Business Program (https://www.goldmansachs.com/citizenship/10000-small-businesses/US/)
Dodgeball The Movie (https://en.m.wikipedia.org/wiki/DodgeBall:_A_True_Underdog_Story)
7 Keys To Success (http://maximumvp.com/7-keys-to-success/)
Yes Man (https://www.imdb.com/title/tt1068680/)
It’s A Wonderful Life (https://www.imdb.com/title/tt0038650/)