Terms to Pursue w/Competing Banks?

searcher profile

October 21, 2024

by a searcher from Cornell University in Dallas, TX, USA

Hello everyone!
I have a few banks interested in my deal.
What experience can you share with me and the community about negotiating with banks to get the best deal?
What terms have you had success negotiating? I'm thinking (a) rates of course, (b) delayed initial payment, and (c) rolling line of credit. What else should be on my mind?
Thanks for anything you can share!
- Anon. (for now)

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Happy to have a discussion to see if we can provide any assistance. Interest rate is important but you also need to focus on their ability to execute and timeline to do so. The amount of working capital in the deal can be important as well.
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Reply by a searcher
in Raleigh, NC, USA
are you doing SBA?
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