Banks Love To Lend You Money When Your Business Is Doing Well
On the contrary, when you really need to borrow money to bridge a working capital gap, the banks are very often reluctant to support you.
The trick is to build rapport with your bankers when your business is doing well by leveraging a bit to use other people’s money to grow your own business.
Create a story to your banker when your business is not doing well to say you are on expansion path and need funding to grow.
Learn how to manage and play your bankers to sing your songs.
It is easy to make your bankers sing the same songs with you.
Just call your bankers when your business is both doing well and not well, don’t just call them when you are not doing well.
When you do this, your bankers will not be able to “read” you exactly.
Always give them a story to write about your business after they have met with you. This will help in adding points to their Credit Review of your company.
If you need help, feel free to contact us at :
(O) +65 63851011
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