Thursday, 12 May 2011 08:09

How to borrow money from your bank

Business bank managers everywhere despair, every day, at the quality of the loan requests they get. To make it worse, these requests are from established businesses, from MD's who, supposedly, know their stuff.  Lenders are given limited information and questionable financial data. This comes accompanied by an expectation that no reasonable bank manager could possibly fail to see why it is a good idea to hand over a big pot of money.

So what is going wrong ?  Why is there a mismatch between the expectations of the bank manager and those of the managing director ?

Published in Guidance