Remember how you used to know your banker?
You got in the car, drove to the bank, and visited with him personally about your business’s needs?
You recall, it was right around the corner?¬† His kids played on the same sports teams as yours, you occasionally bumped into him at various events around town. Now, that bank is owned by a huge bank based a long way from that same corner.
Today, small business owners stand an almost 80% chance of being rejected for that note.¬† You only need $22,000.00 to pay for the more than justified IT upgrade you’ve needed for some time, why can’t you get their attention?
If this sounds like the business of someone you know, or your own business, you aren’t alone.¬† In the next days I’ll write about why banks aren’t lending for projects like that, and how leasing can help. Stay tuned…