Don’t Wait to Build Those Key Relationships: Better Access to Capital Through Relationships with Bankers

Jeff Stibel, CEO of Dun & Bradstreet Credibility Corp., discusses the importance of transparency in relationships with your banker to increase the chance of a loan. The quantitative aspects to a loan are important, but the qualitative aspects of credibility, reputation, and trust are just, as if not even more, important at times. Business owners should not be afraid to reach out and build a relationship with a bank early in their business growth cycle, so that they have a solid relationship when they are ready and really need it.

Watch Stibel explain:

Interested in learning more? Check out this expert panel discussion that describes the entire loan process and how you can get the capital you need to grow your business

Comments

  1. Marguerite Bessard says:

    Even though you built a relationship with your lender, if you do not have collateral, the bank will not lend you money. If you looking for a SBA guarantee loan, some banks ask to put a certain percentage down. Without this amount, the bank will not lend you money because of regulation. The bank could be fined when audited. That is why some businesses that could be profitable are unable to create jobs.

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