BANK RELATIONSHIPS 101 – FRIEND VS. FOE?

How would you rate your relationship with your Bank or Lender?

Are you frustrated that you keep being denied a Line of Credit?

Or confused that you are hearing mixed messages from your Accountant and Bank?

Are you tired of feeling “dumb” in front of your Bank when they start naming off different ratios and lingo that is not reflective in your line of work?

It’s time for you to take the driver’s seat.  It’s time to change your view and see the bank as a partner, not somebody that you keep in the dark.

                                                                                          

Your objective is to see your financial statements through the eyes of the Bank.

For the Bank it’s all about Risk, Ratios and the Company’s Future Plans:
Is your business credit worthy?
What is your track record?
Are your ratios in line?
Is your business ready if you get hit by the bus?

Check out  https://southbrookconsulting.ca/blog/know-your-ratios/