Tuesday, February 06, 2007

The Banks Said No

Twice last week I received phone calls from banks saying they were declining a borrower's request for a business loan. In both cases, the borrower had a credit profile a bit too challenging for a bank lender. Likewise, in both cases, the borrower had accounts receivable that were from creditworthy customers.

Faster than a speeding bullet, I made the appropriate introductions of those borrowers to a factor who was prepared to give them money for their accounts receivable. The deals are both done and the borrower can now get back to running their companies and growing their revenues instead of worrying about how to fund their growth.

Need help finding the right lender in a hurry? Read "Matchmaking for Business Loans" and give me a call!

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