Monday, August 27, 2007

How to have lenders and investors eating out of your hand.

Picture yourself sitting at a desk, in a bank, as a small business loan officer. Your job is to make lots of good profitable loans .To do that you have to convince your superiors that a particular borrower is a good risk. You need to separate the good from the bad, pitch the good to the loan committee and the bad out the door. Get it right and bonuses and promotions are yours. Get it wrong and you won't be around too long. Oh, and one last thing - you don't have a crystal ball. How do you tell the good loans from the bad? You poke and prod to find the answer to one central question - can I trust this borrower and this business to succeed. You want to find borrowers who are prepared, who know their business and who will make you look good to the loan committee. You're View the rest of this article


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