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Numbers that Matter
book

Numbers that Matter

by Evan Bulmer
March 2018
Intermediate to advanced
170 pages
3h 59m
English
Business Expert Press
Content preview from Numbers that Matter

CHAPTER 10

Bankers

Friend or Foe? What the Banks Are Looking at and How to Get and Keep Them on Board?

How to Communicate with the Banks?

There is a saying I have picked up over my career that comes to mind as truth when dealing with the banks. “Borrow a million and the bank own you, borrow over 5 million and you own the bank.”

At the heart of this anecdote that someone will try out around the boardroom table has an element of truth. That truth is you need to understand when you have leverage with the bank and when the bank has leverage over you. Let’s take a look at how banks work, I am speaking purely from a business commercial debt point of view, I am not talking home loan lending. On the one hand you have bank managers and the bank’s brokers ...

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Publisher Resources

ISBN: 9781631577987