How best to lure banks to invest in your business

[cherry123]

if you are looking to lure banks to invest in your business What are the things to do to confidently draw them in to invest in your business?

 

[Shavkat]

I am not sure about the word lure in this manner. All I know is that banks are very thorough when it comes to giving loans. So. it is not the easy to do this in the process.

 

[Carson20t]

The right world is how can you have a business that can be credible enough to source funds from external funders like the banks.The answer is to ensure that your business is following all the principles.It has the finance and administration section,it has the right and sellable products and services,there is readily market by ensuring the marketing and sells systems are in place.

These are going to show competence and you will be prospectus.

 

[cherry123]

I am not sure about the word lure in this manner. All I know is that banks are very thorough when it comes to giving loans. So. it is not the easy to do this in the process.

I was referring to getting your business attractive to them that will make them take intetest and want to invest in it.

 

[Stardom22]

This is a very hard and the most difficult task for an entrepreneur to do it. The only thing you can do is to convince a the Bank to offer you a good business loan facility that can suit your business.

 

[Carson20t]

It is not hard at all,all you need is to have a profile that show that you have an establishment that has structure and is bankable and with credibility.You need to have a high level of credibility then people will buy into your idea.....

 

[cherry123]

It is not hard at all,all you need is to have a profile that show that you have an establishment that has structure and is bankable and with credibility.You need to have a high level of credibility then people will buy into your idea.....

Yeah one must show that it's business is credible enough to be trusted with loans and banks might be forced to look their way.

 

[fcbetting]

If you have good plan with many details and more options, they can see you are serious player and you didn't just jump in business. This will lure them to give you loan.

 

[cherry123]

Definitely one needs to have the right plans and documents on ground to show that the business is a serious one.

 

[Springtime]

Getting a bank loan for a start up is not an easy job. A feasible business idea, a proper business plan and the education and experience of the entrepreneur will be taken into consideration. Sometimes, the bank may also require a guarantor for your loan.

 

[cherry123]

Getting a bank loan for a start up is not an easy job. A feasible business idea, a proper business plan and the education and experience of the entrepreneur will be taken into consideration. Sometimes, the bank may also require a guarantor for your loan.

Not even sometimes they always do so it is up to one to have a good credit reputation so that finding a guarantor will be very easy.

 

[Springtime]

Not even sometimes they always do so it is up to one to have a good credit reputation so that finding a guarantor will be very easy.

I've worked for a start-up before. The bank here has very strict requirements for guarantor as well. The startup owner has to request his rich uncle to be the guarantor.

 

[Magnus2022]

The right world is how can you have a business that can be credible enough to source funds from external funders like the banks.The answer is to ensure that your business is following all the principles.It has the finance and administration section,it has the right and sellable products and services,there is readily market by ensuring the marketing and sells systems are in place.

These are going to show competence and you will be prospectus.

He wants a partnership with the bank.

 

[nomad]

Banks will invest in your business only when you have colleteral and your business is already generating profits

 

[cherry123]

It is good to have a good financial standing because banks will want to see that you would be able to pay back their loans so you need to be productive

 

[Chibson]

This is not actually easy in my own perspective. The only thing that will make banks to invest in your business is if it is related to the banking sector.

 

[eldavis]

Banks tend to invest in things that would benefit them more, so if you want banks to invest in your company, it has to be able to produce enough profit to attract the bank itself.

 

[Stardom22]

I think this is not a simple thing for every business. You must have a very concrete and reliable business that generates good profits throughout the year year in year out without much risks.

 

[SHAHID987]

Bank give loan to a company after going through deep of all required things, as size of company, it's budget, number of staff, and so many other micro analysis.

 

[Stardom22]

I think the banks do their due diligence before making any investment in any company. This is very rarely done in my country. In fact I have never heard of any Bank investing in any company here.