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Author Topic: Business loans?  (Read 590 times)

Third_Rail

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Business loans?
« on: September 20, 2006, 11:05:10 AM »
If you've gotten a business loan in the past, how long did it take start to finish (from dropping off the business plan/applying to getting the check), for what amount, etc.?

Waiting is driving me crazy, and any experience in this matter would be great.
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Business loans?
« Reply #1 on: September 20, 2006, 01:00:46 PM »
I am a commercial banker; there are a ton of variables that go into any given loan. For example, is this your first loan with the bank, is the business new, what is it secured by, what is the dollar figure, how good are your financial records, what industry are you in, and on and on...  

We've done loans for clients in the same day in some cases.
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Third_Rail

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Business loans?
« Reply #2 on: September 20, 2006, 07:54:10 PM »
Hm. I'll send you an e-mail with the specifics, any ballpark idea would be great.



As to anyone else with experience, do tell.
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Business loans?
« Reply #3 on: September 21, 2006, 02:37:32 AM »
TR,

I got your e-mail, I'll have more time later today around lunch to check it out!

-Dan
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