On Friday of last week the Wall Street Journal had two articles, one on the front page and the other in the Money section, that taken together paint a chilling picture for the small and mid market companies. The front page article highlights the peril that local banks are in because of home builder loans.
An article in todays’ Wall Street Journal highlights how banks tighten credit standards across the country’s banking community. The author cites interviews with bankers indicating a change in the amount of risk that lenders are willing to take. Later in the article the author cites sources that say they haven’t seen a credit crunch. So
You need capital, but you’re having trouble securing the financing you need. So how to get a loan when banks aren’t lending? This situation reminds me of the famous NBC Television show, “The Office”, the hilarious documentary-style show that comments on the life of a standard corporate office. If you haven’t seen the show, I’d
So your cash is tight and your loan renewal is approaching, but sales are picking up and you need additional capital to keep up the pace. You approach your banker about increasing your line or obtaining new financing and they aren’t willing to take the risk. What now? This isn’t a new story. In fact, if you’re in finance, either
See Also: Relationship With Your Lender What Does a Lender Want to Know Don’t Tell Your Lender Everything Due Diligence on Lenders Finding the Right Lender I recently spoke to students at the University of Houston in the Wolff Center for Entrepreneurship on the topic of Dealing with Lenders. During the question and answer
See Also: What are the 7 Cs of banking Categories of Banks Finding The Right Lender How Important is Personal Credit When Negotiating a Commercial Loan? Bank Reconciliation Choosing a Bank: Which Bank to Choose? I was involved in a speaking engagement recently with my friend, a banker named Larry from Community Bank located here
See Also: What do Lenders Really Look at What Does a Lender Want to Know Don’t Tell Your Lender Everything Due Diligence on Lenders Every Business Has a Funding Source, Few Have a Lender Relationship Tips With Your Lender The question I get most often from people is “What affects my relationship with my lender
See Also: Common Stock Definition Over the Counter Bulletin Board (OTCBB) Currency Exchange Rates Non-Investment Grade Bonds (Unsecured Debentures) Australian Securities Exchange (ASX) National Stock Exchange of India (NSE) Definition The National Stock Exchange of India or NSE for short is the largest stock exchange market in India. It is the third largest in the
See Also: What is Compound Interest Effective Rate of Interest Calculation Interest Expense When is Interest Rate Not as Important in Selecting a Loan? Interest Rate Swaps The Nominal Interest Rate Definition A nominal interest rate is the interest rate rate quoted on lending and borrowing transactions. Nominal rates represent the rate of exchange between
See Also: What is Compound Interest Effective Rate of Interest Calculation Interest Expense When is Interest Rate Not as Important in Selecting a Loan? Interest Rate Swaps Nominal Interest Rate Definition A nominal interest rate is the interest rate rate quoted on lending and borrowing transactions. Nominal rates represent the rate of exchange between current
See Also: Bankers’ Language is Financial Jargon Categories of Banks Funding Source Versus Lender How to Manage Your Banking Relationship Interest Rate Is it Time to Find a New Bank? How to Find The Right Lender During a question and answer portion of a recent speaking engagement, I was asked “How do you find the
See Also: Bankers’ Language is Financial Jargon Finding the Right Lender Funding Source Versus Lender How to Manage Your Banking Relationship Interest Rate Is it Time to Find a New Bank? Commercial Bank Categories of Banks Definition In another article, I told you the story about Robin’s company needing to perform due diligence on her
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