• There is generally more than one solution to any problem.
• Not every solution requires borrowing.
• Bankers and lenders will most likely know the other lenders you have already gone to and been rejected. • Finding a solution is a process.
• There are many more resources for financial help than most people know.
• Every bank or lending institution has its specialties and its policies that may not be obvious.
• Making the right financial decision can change the course of your business.
• The financial product you may be thinking about may not be the best choice for your particular situation.
• Sometimes the best financial solution is a multi-provider deal.
• A working capital line is a poor choice for financing equipment.
• Smart financial decisions everyday can save time and money in the long run.
• You want to work with a financial consultant who knows his business as well as you know yours.
• Banks and lenders can stop you in your tracks if you are talking to the wrong person in their company: someone who tries to fit your financial needs into a pre-defined box or form.
• Banks and lenders frequently make judgments based on an application form and preset formulas for lending.
• Knowing who to contact for your financial needs makes all the difference.
• Are you working with the lower-level loan officer who has no authority to step outside the box?
• Or, are you talking to someone with experience to help find a solution?
• Every banking inquiry that is made on your behalf ends up on your credit report and lowers your score.
• It is not a banker’s job to solve your problem. It is their job to sell you financing.
• Prices, policies, cultures, and capacity differ from lender to lender.
• Generally, the best financial problem solvers are paid by the client, not the lender.
• The Conditions of Default in most bank loan agreements include one that roughly translates from legal to common English as: “or anything else that makes us feel icky today”.