We always have to remind ourselves that these are profit-orientated entities with a well-structured risk management model in place. Some of the offerings are more flexible than others, but keep in mind, they are also businesses.
Funding solutions for the ‘missing middle’ for small business funding.
Banks will loan money if they believe entrepreneurs can service the loan.
A strong relationship with your banker and knowing how credit decisions are made can improve your chances of getting a loan.
Before you even think about applying for finance, it’s important to have a clear understanding of how banks and indeed all financiers operate.
The risk preference of most banks is such that it is difficult for them to provide capital to businesses with no operating record.