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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