ForumsFinancing Tips

Seems to be ok. How can we help you?

Ok, guess the mods like me afterall.I've had 3 posts not show up, oh well.

My question is, do traditional banks still lend to growing businesses showing revenue growth
each year. Do they look at increasing revenue each year, good personal credit to personally
guarantee the loan, business assetts such as equipment,some old,some new, some real estate.
A good business plan to show what your plans are for future growth.Guess I ask cause with todays
credit crunch I was curious if it was worth approaching traditional banks.

I believe the system has some MAJOR problems -- it is frustrating to a lot of us, so don't take it personally. I have been an active member for about ten months, and during the past several weeks, all kinds of odd things have been happening. Fewer than half of my posts have shown up during that time (none were offensive, and some contained detailed information and advice that I think would have been very helpful to the people asking questions). So you're not being "singled out," and probably aren't doing anything wrong.

If you look at the info under your user name, it says that you have made 4 posts . . . yet you've earned 65 points. So you're obviously getting "credit" for the posts that aren't appearing. (I saw a post from a new member the other day -- it was his first day and only his second post, but he had somehow accumulated 384 points already!)

I've noticed that the board is generally in chronological sequence, then it suddenly isn't -- things that are two months old are suddenly at the top, and some of the discussion posts from the current day (that were in active page 1 or page 2 threads before that happened) are gone. That suggests some "right hand, left hand" administrative issues among the IT folks, moderators, and Community Team. It could also be that this community has grown larger than they anticipated and they just don't have the necessary infrastructure and support processes in place to maintain it with any stability. Members keep speculating, but I've not seen any "official" info/response to concerns like these as yet.

Best wishes.

P.S. Just to clarify the above . . . the "points from Forum posts" and the "email watch list" portions of the system appear to be stable and functioning accurately -- it's the threads themselves where posts don't show up (or they do, then disappear). I received two points when a post that's now "missing" first appeared, and I continue to get e-mails when someone else posts to that thread -- yet my post is gone.

Thx Lighthouse, I tried posting the same small business question agai. Still no post!!!

I give up!

hey I made it!!!!

To answer your question traditional banks have tightened their guidelines due to the major losses they are reporting. Products are either being taken away from their reps or made increasingly hard for them to get their customers approved.

The reps I work with at the traditional banks openly admit to me that they do not want the loans and the banks don’t offer them incentive to find loans only commercial checking/savings accounts.

Traditional banks don’t usually have the best programs anyways. Private lenders who don’t have as strict of guidelines are usually more aggressive on their approvals and rates.

What type of capital are you seeking and for how much?