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Bank Managers - So Necessary for your Business But....

Bank Managers - So Necessary for your Business But....

It’s important to remember that your loan manager is probably a kind human being who has to adhere to the bank’s rules on lending. The basic ones are:
* That you can repay the loan.
* The loan is business based and for a reasonable reason.
* That your business is viable and bona fida business.

Go to the meeting armed with:
* Your business details such as licenses etc.
* An outline of your business and how you see it expanding in the next few years.
* If you are seeking a large amount of money or have a new business then you must have a business plan.
* How much money you require and when you need it.
* How you will spend it and on what items.
* How your business will benefit, expand or profit from the loan.
* What collateral you can offer the bank – don’t offer this until asked.
* When and how you will repay the loan.

With respect to what you should not say – try not to hide anything – evasion is not a good reflection on your business acumen. If you are asked a difficult question then answer it as honestly as you can – but by putting a good spin on it then you should come out sounding positive.





Bank Managers So Necessary for your Business But - To learn more about this author, visit Lee Lister's Website.

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Lee Lister
(Visit Lee's Website)
Lee Lister is a Business Consultant with more than 25 year's consultancy experience for many household names. She is known as The Bid Manager or The Biz Guru From an early age she began an unparalleled journey through business consulting that continues to span across the UK, USA, Europe and Asia. Lee learned at an early age to identify a market need. When 11 in England, she saw tourists arriving by the busload with no way to transport their baggage to the hotels. Lee’s father made a cart to hold enough luggage to charge a pretty penny whilst helping out tired tourists at the same time. Her first niche market was established! She went on to work for a considerable number of companies all over the world. Specialising in business change management, start up consultancy and trouble shooting. Lee’s experience in marketing and internet marketing is also keenly sought after. She is a prolific published writer of books, ebooks and articles and can easily be found on major search engine and Amazon. Her major web sites are: www.BizGuru.us www.Bid-Manage r.com www.Ma rketingGuerrillas.com and www.Sta rtMyNewBusiness.com
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