Financing of 250k needed.
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  1. #1
    Senior Member Reputation points: 2697
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    Sep 2015
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    Miami, FL
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    Financing of 250k needed.

    Here's another way of looking at this scenario:

    Develop a relationship with a business banker of your local community bank. Tell him what you can provide to companies who fall outside their lending criteria, tell him you have a prospect and arrange a meeting with the prospect and banker.

    The banker will eventually turn down the business and you may lose the deal given the lapse of time, but in the end you may win a referral relationship with the banker.

    Worth a shot, given the client has false expectations

  2. #2
    Quote Originally Posted by VFG View Post
    Here's another way of looking at this scenario:

    Develop a relationship with a business banker of your local community bank. Tell him what you can provide to companies who fall outside their lending criteria, tell him you have a prospect and arrange a meeting with the prospect and banker.

    The banker will eventually turn down the business and you may lose the deal given the lapse of time, but in the end you may win a referral relationship with the banker.

    Worth a shot, given the client has false expectations
    Thanks VFG

  3. #3
    Quote Originally Posted by VFG View Post
    Here's another way of looking at this scenario:

    Develop a relationship with a business banker of your local community bank. Tell him what you can provide to companies who fall outside their lending criteria, tell him you have a prospect and arrange a meeting with the prospect and banker.

    The banker will eventually turn down the business and you may lose the deal given the lapse of time, but in the end you may win a referral relationship with the banker.

    Worth a shot, given the client has false expectations
    Dope answer! You get an upvote!

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