Thu 29 Apr 2010
Solutions for Business Owners Seeking Loans
Posted by Larry Tyler under Business Loan Assistance
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My book, Romancing the Loan – 14 Principles to Open the Vault with Your Lender is positively affecting business owners around the country that have purchased it and who are seeking or currently have outstanding loans. If you are a business owner who has outstanding loans or is anticipating borrowing in the near future, the principles discussed in the book will be helpful.
If you want to purchase an eBook version of my book (hard copy version not yet published) send me an email at larry@upyourbusiness.biz. The eBook version is selling for $14.95, a small amount to give you both options and hope.
As I listen to business owners around the country, a lack of options is expressed time and time again by many who are in need of capital to fuel their businesses and keep them alive.
I believe the principles in the book help give business owners a number of viable options enabling them to create a strong bridge to keep the lines of communication open with lenders and keep them in the game to receive the loans they need and want.
I love the 2003 movie comedy “How to Lose a Guy in 10 Days” http://www.youtube.com/watch?v=qGMaRb4Z2OI starring Kate Hudson and Matthew McConaughey, Andie (Kate Hudson), a young journalist writing for a women’s magazine, has the idea of writing a piece on the things women do to alienate the men they love, which she’ll demonstrate by winning and then driving away a man in 10 days. Meanwhile, Ben (Matthew McConaughey) is an advertising executive who wants to land a prestigious diamond account at his firm. Ben tells his boss that he’s the man for the job because he understands the fair sex so well he can make any woman fall for him in less than two weeks. Andie and Ben end up choosing one another for their mutual assignments, with neither knowing about each other’s secret agenda. Ben strives to hold on to Andie while she does everything in her power to annoy him and turn him away. Following are some of the things Andie did to help drive Ben away. Though humorous in the movie, these are actually done in many kinds of relationships.
These could be titled “How to Lose a Lender in 10 Days”:
- Avoid phone calls, e-mails, messages and visits
- Be manipulative, deceiving, cunning, fail to tell the truth
- Make him/her pull words out of your mouth to get you to talk
- Always act like you are busy, are very important and have better things to do.
- Try to nitpick every little detail and fight with him/her over it. Insult him/her.
- Ask tons of annoying questions.
- Be defensive or evasive when she/he asks you questions.
- Don’t show respect. Constantly talk about other guys (lenders).
So, as a business owner what does this mean to you? It means that you might be shooting your loan and relationship chances with your lender in the foot if you are doing some of these things. Maybe you aren’t doing any of these; however, reflect on your attitudes and actions with your lender to determine if anything you might be doing is “turning off” your lender. As a business owner, your mindset towards your lender, regardless if you are right and they are wrong, makes a huge difference in creating a satisfactory relationship.
Another viable solution is simply seek qualified help. Many entrepreneurs are very independent minded and play the role of the lone ranger. During times like these with the loan vault shut to many businesses it may be time to turn to the Loan-A-Ranger (Larry Tyler- www.upyourbusiness.biz) for help to open the loan vault. I advise business owners around the country who are needing loans to fuel their businesses and I’m eager to listen to your story and provide you with advice for 30 minutes for free (larry@upyourbusiness.biz).