If you were a banker, why would you NOT approve a loan for a Business?

by Kesh Morjaria on February 18, 2012

If you were a banker, why would you NOT approve a loan for a Business?

Businesses do not make it any easier for banks to lend .

Imagine you are a banker and a business owner applies for a loan.
As a banker you want to be satisfied that this loan can be serviced and, ideally, to avoid the business owner going bust.
Apart from business acumen, most  business fail to convince bankers because they may not:-
1. have a quality product or service
2. be aware of, or are using, the right tools
3. understand the latest technologies and may find it too complicated - websites, social media marketing, etc.
4. have a strategic marketing plan
5  have a working SYSTEM in place that saves them time, effort and money!

If you were a banker, why would YOU not approve a loan for a Business?

Previous post:

Next post: