How do I know what the bank will lend me.

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by a professional from Bishop's University
in Moncton, NB, Canada

3yrs ago

How do I know what the bank will lend me.

Understanding how much a bank will lend….and why it really doesn’t matter.

This week, a question about how much money you can borrow to buy a business.

I don’t say how much.

Instead, I show you the process on how to understand it and why even that doesn’t really matter in the end.

What is important? Tune in and I’ll tell you…

Watch here now: redacted

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reply by a lender 3yrs ago
from Pennsylvania State University in Tampa, FL, USA

David this is a great point!

reply by a professional 3yrs ago
from Rice University in Jeffersonville, West Norriton, PA 19403, USA

The often missing detail in pursuit of capital is an ability to fully articulate the Use of Proceeds. The value and buy of the business is just one aspect of UoP. Any funding source wants confidence in the fact that their capital will deployed in the most positively impact way possible.