Hating Banks== Just Don't

[Account Closed]

Mind Blown: For the longest time many people have posted so many negative things about banks etc. Myself included..... then I thought about it: Why tf would I hate a partner with virtually an unlimited bank account? Because they ask for a personal guarantee? Maybe a different way of thinking of things--- but since I thought about this 2 weeks ago- my banking relationships have improved almost overnight... 

Stay positive guys! Build your business around the BEST business partner: The Bank! 

[Jay Hinrichs]

Originally posted by @Account Closed:

Jay Hinrichs Great Info—- I feel the same. I got so caught up there for a little while “All Banks are evil” etc... not so at all. Went back to two bankers last week that I got denied from for a deal—- and got lines of credit etc no issues and started a positive relationship.

your local small community banks if you have good credit good standing in the community and some money and experience this is who they lend to.

Now when I talk to my banker they do not do deals .  For those just coming off of BP or a guru training course that have none of the above.. you need it all.

it took me 3 years to land a bank in Charleston SC  even though I domicile on the west coast.. but I kept trying now I have a great banker there and we are his ONLY out of market borrower.. but he did just raise his interest rate from 5.5 to 6.  oh well instead of making a 100k on a deal he funds we will only make 99k..   REALLY all these folks who worry about rates instead of worrying about getting the funding are so short sighted.. they never do deals.. that rate is too high your getting screwed LOL...  if there is good money in the deal 20% rate is OK.. its what I make at the end of the day.. if it works it works if it don't it don't