How do I know what the bank will lend me.

professional profile

March 22, 2023

by a professional from Bishop's University in Moncton, NB, Canada

Understanding how much a bank will lend….and why it really doesn’t matter.

This week, a question about how much money you can borrow to buy a business.

I don’t say how much.

Instead, I show you the process on how to understand it and why even that doesn’t really matter in the end.

What is important? Tune in and I’ll tell you…

Watch here now: https://youtu.be/F1tMPYzmpAA



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Reply by a professional
from Rice University in Jeffersonville, West Norriton, PA 19403, USA
The often missing detail in pursuit of capital is an ability to fully articulate the Use of Proceeds. The value and buy of the business is just one aspect of UoP. Any funding source wants confidence in the fact that their capital will deployed in the most positively impact way possible.
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Reply by a searcher
from University of Rio Grande in Athens, OH 45701, USA
Good information David, don’t be surprised when a seller will renegotiate terms once he hears what your banker is requesting.
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