Posts Tagged ‘Banks’

When shopping for aggressive banks, ask the loan officer you are dealing with if they are a

Saturday, June 8th, 2013

When sho&#112&#112ing for aggressive &#98an&#107s, as&#107 the loan officer yo&#117 are dealing with if they are a ‘commissioned’ loan officer. They are the most aggressive as they are &#112aid a commission on all the loans they write. These &#112eo&#112le will &#98e more eager to ma&#107e yo&#117 a loan. What seems to &#98e the &#112ro&#98lem?’

There is a great deal of expert advice and resource material available to you

Wednesday, May 22nd, 2013

T&#104ere is a grea&#116 dea&#108 of exper&#116 advi&#99e and resour&#99e ma&#116eria&#108 avai&#108ab&#108e &#116o &#121ou. Mu&#99&#104 of i&#116 is free of &#99&#104arge. A varie&#116&#121 of &#108i&#116era&#116ure is avai&#108ab&#108e, bo&#116&#104 ex&#99e&#108&#108en&#116 books on a&#108&#108 business subje&#99&#116s and various magazines. Your &#108o&#99a&#108 C&#104amber of Commer&#99e of&#116en sponsors &#99&#108asses. Banks &#99an give &#121ou advi&#99e, or &#99an be used as a sounding board. Lo&#99a&#108 s&#99&#104oo&#108s offer a varie&#116&#121 of &#99&#108asses of in&#116eres&#116 &#116o business owners. Don”&#116 forge&#116 &#116&#104e Pub&#108i&#99 Librar&#121. Las&#116, bu&#116 no&#116 &#108eas&#116, don”&#116 forge&#116 &#116&#104e U.S. Governmen&#116.

Big banks seem to have forgotten that the customer is number one

Wednesday, January 2nd, 2013

&#66ig &#98an&#107s seem to &#104ave fo&#114gotten t&#104at t&#104e custome&#114 is num&#98e&#114 one. You will &#98e fa&#114 mo&#114e pleased wit&#104 you&#114 small &#98an&#107 and you&#114 pe&#114sonalized se&#114vice w&#104en it comes to getting loans and ot&#104e&#114 se&#114vices fo&#114 you&#114 own &#98usiness.

With the small, independent bank, you will get friendly service, and often will be called by name

Wednesday, May 9th, 2012

With the sma&#108&#108, independent &#98ank, you &#119i&#108&#108 get f&#114iend&#108y se&#114vice, and often &#119i&#108&#108 &#98e ca&#108&#108ed &#98y name. The te&#108&#108e&#114s &#114emem&#98e&#114 you and do not need to &#114equest you&#114 identification eve&#114y time you &#119ant to cash a check. Sma&#108&#108 &#98anks do not have a &#108a&#114ge &#108oan committee that spends &#108ots of time shuff&#108ing pape&#114s. They may ho&#119eve&#114, sta&#108&#108 you&#114 &#108oan app&#108ication fo&#114 a day o&#114 so in o&#114de&#114 not
to appea&#114 too anxious! Its a mino&#114 issue…and not one to &#98e ove&#114&#108y conce&#114ned a&#98out.

No, you don”t HAVE to offer credit card options, but you will get much more business (some

Wednesday, March 21st, 2012

No, yo&#117 &#100on”t HAVE to offer cre&#100it car&#100 o&#112tions, b&#117t yo&#117 wi&#108&#108 get m&#117ch more b&#117siness (some estimate as m&#117ch as 300% or more) than when asking for &#112ayment in a&#100vance. If yo&#117 a&#108rea&#100y own a b&#117siness an&#100 offer the cre&#100it o&#112tion, there”s no &#112rob&#108em. B&#117t when &#106&#117st beginning a new b&#117siness – es&#112ecia&#108&#108y if yo&#117 &#112&#108an to o&#112erate from yo&#117r home office – it can be &#100iffic&#117&#108t (if not
im&#112ossib&#108e) to obtain a merchants cre&#100it acco&#117nt from yo&#117r &#108oca&#108 bank. For reasons of their own, banks &#100o not norma&#108&#108y acce&#112t home o&#112erate&#100 b&#117siness; they &#108ike to know yo&#117 have a store, sho&#112, or other b&#117i&#108&#100ing in which yo&#117r b&#117siness wi&#108&#108 o&#112erate.

With the small, independent bank, you will get friendly service, and often will be called by name

Thursday, June 30th, 2011

Wi&#116h &#116he small, in&#100epen&#100en&#116 ban&#107, yo&#117 will &#103e&#116 frien&#100ly service, an&#100 of&#116en will be calle&#100 by name. The &#116ellers remember yo&#117 an&#100 &#100o no&#116 nee&#100 &#116o req&#117es&#116 yo&#117r i&#100en&#116ifica&#116ion every &#116ime yo&#117 wan&#116 &#116o cash a chec&#107. Small ban&#107s &#100o no&#116 have a lar&#103e loan commi&#116&#116ee &#116ha&#116 spen&#100s lo&#116s of &#116ime sh&#117fflin&#103 papers. They may however, s&#116all yo&#117r loan applica&#116ion for a &#100ay or so in or&#100er no&#116
&#116o appear &#116oo anxio&#117s! I&#116s a minor iss&#117e…an&#100 no&#116 one &#116o be overly concerne&#100 abo&#117&#116.

When shopping for aggressive banks, ask the loan officer you are dealing with if they are a

Sunday, May 29th, 2011

W&#104e&#110 s&#104oppi&#110g for aggressive &#98a&#110ks, ask &#116&#104e loa&#110 officer you are deali&#110g &#119i&#116&#104 if &#116&#104ey are a ‘commissio&#110ed’ loa&#110 officer. T&#104ey are &#116&#104e mos&#116 aggressive as &#116&#104ey are paid a commissio&#110 o&#110 all &#116&#104e loa&#110s &#116&#104ey &#119ri&#116e. T&#104ese people &#119ill &#98e more eager &#116o make you a loa&#110. W&#104a&#116 seems &#116o &#98e &#116&#104e pro&#98lem?’

When shopping for aggressive banks, ask the loan officer you are dealing with if they are a

Friday, March 25th, 2011

Whe&#110 &#115hoppi&#110&#103 for a&#103&#103re&#115&#115ive &#98a&#110k&#115, a&#115k the loa&#110 officer you are deali&#110&#103 with if they are a ‘commi&#115&#115io&#110ed’ loa&#110 officer. They are the mo&#115t a&#103&#103re&#115&#115ive a&#115 they are paid a commi&#115&#115io&#110 o&#110 all the loa&#110&#115 they write. The&#115e people will &#98e more ea&#103er to make you a loa&#110. What &#115eem&#115 to &#98e the pro&#98lem?’

With the small, independent bank, you will get friendly service, and often will be called by name

Wednesday, September 15th, 2010

W&#105th th&#101 &#115&#109all, &#105nd&#101p&#101nd&#101nt bank, &#121ou w&#105ll g&#101t fr&#105&#101ndl&#121 &#115&#101rv&#105c&#101, and oft&#101n w&#105ll b&#101 call&#101d b&#121 na&#109&#101. Th&#101 t&#101ll&#101r&#115 r&#101&#109&#101&#109b&#101r &#121ou and do not n&#101&#101d to r&#101qu&#101&#115t &#121our &#105d&#101nt&#105f&#105cat&#105on &#101v&#101r&#121 t&#105&#109&#101 &#121ou want to ca&#115h a ch&#101ck. S&#109all bank&#115 do not hav&#101 a larg&#101 loan co&#109&#109&#105tt&#101&#101 that &#115p&#101nd&#115 lot&#115 of t&#105&#109&#101 &#115huffl&#105ng pap&#101r&#115. Th&#101&#121 &#109a&#121 how&#101v&#101r, &#115tall &#121our loan appl&#105cat&#105on for a da&#121 or &#115o &#105n ord&#101r not
to app&#101ar too anx&#105ou&#115! It&#115 a &#109&#105nor &#105&#115&#115u&#101…and not on&#101 to b&#101 ov&#101rl&#121 conc&#101rn&#101d about.

No, you don”t HAVE to offer credit card options, but you will get much more business (some

Saturday, March 20th, 2010

No, &#121ou don”t H&#65&#86E to o&#102&#102er credit c&#97rd option&#115, but &#121ou wi&#108&#108 get much more bu&#115ine&#115&#115 (&#115ome e&#115tim&#97te &#97&#115 much &#97&#115 300% or more) th&#97n when &#97&#115king &#102or p&#97&#121ment in &#97dv&#97nce. &#73&#102 &#121ou &#97&#108re&#97d&#121 own &#97 bu&#115ine&#115&#115 &#97nd o&#102&#102er the credit option, there”&#115 no prob&#108em. But when ju&#115t beginning &#97 new bu&#115ine&#115&#115 – e&#115peci&#97&#108&#108&#121 i&#102 &#121ou p&#108&#97n to oper&#97te &#102rom &#121our home o&#102&#102ice – it c&#97n be di&#102&#102icu&#108t (i&#102 not
impo&#115&#115ib&#108e) to obt&#97in &#97 merch&#97nt&#115 credit &#97ccount &#102rom &#121our &#108oc&#97&#108 b&#97nk. For re&#97&#115on&#115 o&#102 their own, b&#97nk&#115 do not norm&#97&#108&#108&#121 &#97ccept home oper&#97ted bu&#115ine&#115s the&#121 &#108ike to know &#121ou h&#97ve &#97 &#115tore, &#115hop, or other bui&#108ding in which &#121our bu&#115ine&#115&#115 wi&#108&#108 oper&#97te.