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Tips to help your loan request

November 19, 2020 @ 2:00 pm - 3:30 pm

As an entrepreneur, you’ll want to understand and respond to the concerns of your banker to present a solid and persuasive loan request.

Tips to help your banker finance your business

  1. Understand what your banker wants to know
  2. Know what you want
  3. Prepare for your first meeting
  4. Keep building the relationship
  5. Avoid common mistakes

Entrepreneurs often have an intuitive idea of what will succeed in business.
This intuition comes from years of experience in their business.
Bankers on the other hand will have a more analytical view of your business and its projects.
They’re going to compare your business and its projects with all the other clients they are managing.
You might have the impression that they’re overestimating risks.

Presented by Amelia Campbell – Account Manager at BDC