When you need to bank on your banker

Intheblack, Apr 2009 by Barned, Jan

So, it is important that all borrowers understand the new market conditions. Don't assume that funding will be available and definitely don't wait for expecting conditions to improve. With the power shifted to the banks under these current conditions, the most important asset for all businesses, large and small, is a good relationship with their banker - one that gives the business the loan power it needs to prosper.

Jan Barned CPA FFTP provides financial management advice and training to small and medium-sized businesses.