Ask Bankers For Money
When You Don't Need It
by Tom Egelhoff
Sooner or later, most businesses will need some type of loan or financial assistance. When to solict that loan is the key. Many businesses wait until all is lost to confront their bank. By that time the damage is done. The company may be on unstable financial footing. See your banker when you're strong, not weak.
In other words, ask for money when you don't need it. If your business is in a strong financial position, ask your banker for a line of credit. You don't have to use the money now but the credit line will be there in case of an emergency. Y2K maybe?
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Based in Bozeman, MT, Tom Egelhoff is the author of How To Market, Advertise & Promote Your Business Or Service In A Small Town, and The Small Town Advertising Handbook: How To Say More And Spend Less. He is also a seminar and workshop presenter and trainer. He may be reached at 888-550-6100 or PO Box 271, Bozeman, MT 59771-0271
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