Account Manager Turnover
Your bank account manager is responsible for understanding your business and going to bat for you within the organization when you need a loan approved. If she does not have an established long term relationship with you it will be difficult to get her to pull strings for you.
The chance of you being rejected for a bank loan depending on how many account managers you have is as follows:
- One account manager: 7.1% rejection rate
- Two account managers: 8.5% rejection rate
- Three account managers: 16.3% rejection rate
- Four or more account managers: 22.8% rejection rate.
Develop a good relationship with your banker early. Talk to her before you need the money and she'll be there for you when you actually go for the loan.
The chance of you being rejected for a bank loan depending on how many account managers you have is as follows:
- One account manager: 7.1% rejection rate
- Two account managers: 8.5% rejection rate
- Three account managers: 16.3% rejection rate
- Four or more account managers: 22.8% rejection rate.
Develop a good relationship with your banker early. Talk to her before you need the money and she'll be there for you when you actually go for the loan.
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For more information, visit www.EvanCarmichael.com. |
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