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Updated over 5 years ago on . Most recent reply

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Kim Hopkins
  • Investor
73
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255
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Who pays for lunch? Need advice

Kim Hopkins
  • Investor
Posted

Help! Need to know. We got a loan for our last building purchase from a bank. We're going to lunch with them tomorrow. Who pays for lunch?

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

I don't consider borrowing money as "giving someone business". They are your partner. In many cases, lenders have more money in the deal than the owners do...and the lender's return is usually much less than the owner's profit. I'd buy lunch all day long. They can get the next one.

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