When a banker is asked if they do a certain type of loan, such as “will you do a leaseback” the banks will almost always say yes. The prospective customer will believe both that the bank actively does leasebacks and that they are quite likely to get one, and get approved.
When any bankers says the bank will do a loan, what they precisely mean, is only that the bank has the capacity of doing such a specific type of loan and will consider doing this specific type of loan.
However, the chances of the bank doing so may be very low. The bank’s turn down rate may be very high and additionally, the bank may have a preference for other loans. Cumulatively, the likelihood of actually obtaining such a loan at a traditional bank is very low.
Small Business Loan Resources:
SBA Community Blog and Forum – Blog and Forums by the SBA, Small business administration. Questions can be asked and answers provided.
U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.
U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.
Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.
Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.
International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.
More Small Business Loan resources:
Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health
U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.
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