tag:blogger.com,1999:blog-4294305844734401393.post8099018357539873016..comments2022-07-26T23:30:44.725-07:00Comments on Silverado StudioBuilder: Raising money in 2009: Are banks lending to small business?Silveradohttp://www.blogger.com/profile/12090346003828748921noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4294305844734401393.post-21665290874630275362010-01-03T16:18:12.768-08:002010-01-03T16:18:12.768-08:00Your blog keeps getting better and better! Your ol...Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4294305844734401393.post-62003321795252477192009-11-12T09:41:06.320-08:002009-11-12T09:41:06.320-08:00I look forward to hearing the results of your expe...I look forward to hearing the results of your experiment and hope you get the financing you need. I always tell people that lending is simply, "What would you want to know about someone if you were going to lend them $850,000?" I have worked in commercial and residential real estate lending for 8 or 9 years, not sales, underwriting and credit qualifying. It's my understanding that decisions are based on personal and business credit, historical cash flow (can the business pay the new loan based on historical averages?) and collateral. Collateral can be anything from commercial, residential real estate, and/or business assets. Working capital, balance sheet and income statement ratios are also a factor. Check out SBA's 7A loan program, that may be up your alley! Although I don't think you should make your financial information public, having a qualified outside individual look at your financial stuff maybe in your best interest. The one thing to always remember about lending, this industry is driven by the sales force, and communication from the sales team to the credit underwriter (the people who actually process and approve the loan) can be an issue. Should you find a lender, it may be interesting to continue the experiment to see what issues arise during the process from what you were told originally. <br />Should you need a neutral, third-party, I audit residential real estate loans from home in Folsom, and would be happy to help. Otherwise, good luck!!Unknownhttps://www.blogger.com/profile/07205060518548575516noreply@blogger.comtag:blogger.com,1999:blog-4294305844734401393.post-32713671436679583772009-11-12T02:06:24.638-08:002009-11-12T02:06:24.638-08:00California Federal Bank isn't around anymore. ...California Federal Bank isn't around anymore. It was swallowed up by Citibank back in 2002.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4294305844734401393.post-61565716398067432009-11-04T10:38:37.303-08:002009-11-04T10:38:37.303-08:00Why don't you post your finanical statements s...Why don't you post your finanical statements so the readers can see what the Banks are basing thier decisions on?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4294305844734401393.post-49667783637674527992009-10-27T11:59:29.575-07:002009-10-27T11:59:29.575-07:00I am a client of one of those banks. I believe TA...I am a client of one of those banks. I believe TARP money is being used to cover loan losses by the banks - not to make new loans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4294305844734401393.post-71945290901900483222009-10-15T21:11:19.216-07:002009-10-15T21:11:19.216-07:00Let me know how you make out. If you have problem...Let me know how you make out. If you have problems, let me know. I don't know alot about your business, but I have over 25 years' commercial lending experience. I can help. E-mail me.Unknownhttps://www.blogger.com/profile/13550344312164417234noreply@blogger.comtag:blogger.com,1999:blog-4294305844734401393.post-24082596575533502902009-10-07T08:28:21.101-07:002009-10-07T08:28:21.101-07:00You should also send a loan request to Community 1...You should also send a loan request to Community 1st Bank in Auburn (also ibn Roseville), another TARP Bank!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4294305844734401393.post-35157615999516143792009-10-03T16:18:59.633-07:002009-10-03T16:18:59.633-07:00I think your experiment is interesting, but somewh...I think your experiment is interesting, but somewhat disingenuous. If the public has a right to know if banks are lending they also have a right to know the criteria by which these banks are being judged, namely you and your company's financial information. Your financial information should be made available to the general public as should the banks' credit policy and underwriting criteria. Credit policies vary from bank to bank so a general broad stroke is not adequate. You have to clearly demonstrate how your company specifically met or did not meet the criteria of each lending institution to which you submitted an application. The burden of proof is on you and your company, not the banks. Being a recipient of TARP money is not a mandate to lend and, even if it was, I'd want to know that my money was being lent to a business that had a demonstrable ability to repay the debt. Simply having an impressive resume, clients, and/or equipment doesn't qualify you for a loan. Neither does time in business or accolades received.Cappetohttps://www.blogger.com/profile/15802889017443054212noreply@blogger.com