Banks are mysterious beasts! They are always nice to you when times are good, are seldom easy to deal with when times are tough, and you never really know where you stand. It is this mystery that challenges business to ever really trust they bank.
When I see a new business, I am often provided the opportunity to hear the "real story". This is the story of what has been going on that the business hasn't told their bank. Good businesses don't tell the bank the whole story because they don't think the bank need know it as there is nothing to worry about it. Businesses with trading issues will never tell the bank the whole story because they are fearful of what the bank will do with the information.
The reality is though, that businesses that aren't sharing the whole story with the bank - their funding partner - aren't entitled to complain about banks not caring about their business as they aren't giving the bank a fair shot at providing a deep and meaningful relationship.
Pearl Finance offers a Bank Check service that helps businesses understand the sort of information that should be shared with the bank and why. The service is quick and inexpensive, and it will also identify if the rates they are paying and the amount of security they are providing for commercial loans is appropriate
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