Your business borrowers are making big decisions in very 'confused seas'. Is it time to:Rehire workers?Add to production?Beef up inventory?Market more aggressively?Borrow money?Last weekend I planned to take the kayak out for a trial
Aldonna Ambler is a growth strategist and a friend of mine. She has a background in venture capital and in starting and growing multiple businesses. She works with community banks among other client niches. She
Limited Liability Companies...the darling of small business. Along with S Corporations, probably one of the most used entity-types.What is in a name?Be cautious...a Limited Liability Company (LLC) is not the same as a Limited Partnership.
Here is a business resource for you. Use it:to understand business growth strategies better so you canhave more helpful conversations with business borrowers better assess their growth strategies...will their plan work?strengthen your relationshipas a good
While business lenders are well advised to be careful giving advice, you also play an important role in the brainstorming process when talking with your borrowers. Developing your business know-how helps when meeting with:a prospective
SHORT ANSWER in case you cannot read the entire post: Meet with you small business borrowers for a new needs assessment Visit at least 3.3 times each year Understand their business Demonstrate that you understand
Long before I focused on working with lenders to understand business and make good loan decisions, I focused on working with the businesses themselves. I still do.I am one of the Business Credit bloggers on
In the mood to be inspired? Read on. Not in the mood, scroll to the bottom of the post for some 'cost' definitions and why they are important.If you have not yet presented a Junior
When a business is sold and the seller carries back a note, what happens when the buyer does not pay? And if the business assets are collateral for that note but the former owner accepted
Peanut butter is sticky. Jelly slides right off. If your business borrower is pursuing growth during the recession, use this analogy to evaluate their choice.This thinking was inspired by today's post in Steve McKee's blog:
Subscribe
