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· Illinois Office of Banks and Real Estate


© 2013
Gary E. Cooke II

 

 

   
. Working with Bankers  

 

 

   

Cash flow has been tight, but sufficient, and you have a new customer that will increase sales thirty (30%) percent. In order to fulfull the order, however, you will need to expand production capacity, hire more personnel and cover the costs of raw materials and a second shift. You have a banking relationship consisting of a business and personal checking and savings account, but this new project means going beyond your customer service representative.

What should you do and how do you prepare yourself to work with the bankers? Preparing the Loan Proposal is a lot like preparing your Business Plan. So if you have a detailed Business Plan, you can alter it for presentation to your banker.

The amount of detail necessary for a loan proposal depends upon many factors, such as:

What type of investor is being sought?
The type and phase your business is in (start up, growth or buyout).
How the loan proceeds will be used.

If you have questions or comments, you can call Mr. Cooke at (312) 497-9002 or email him at "gc@Cookeslaw.com".

Mr. Cooke's fee is $300.00 per hour.

 

 
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