Business Planning Help
When a banker today says “Show me your business plan” to a small business owner, it no longer means the same thing that it did before most banks decided that small business financing did not fit into their own business plan. Until about five years ago, it was common for a small business owner to ask their banker for commercial finance help and to receive funding within a reasonable period of time. The “new normal” for banks is to keep asking for “one more thing” and to delay a final decision rather than just saying “no”. Certainly many other banks are going straight to “no” rather than dragging out the lending process. With these two common commercial lender approaches, “Show me your business plan” is likely to be either a rationale for further delays or for an early business loan rejection.
Business Planning 