A Banker Tells You How to Borrow All the Money You'll Ever Need

Banks reject more than forty thousand loan applications a day, from both businesses and individuals who wish to start new enterprises or expand established ones. Yet Ben B. Boothe, a former banker and now a consultant to banks, says that more than half of those seeking loans would not have been denied money had they prepared properly for the lending process. Boothe tells exactly what borrowers need to know to succeed - from thinking out the loan strategy to preparing the proposal and handling the loan interview. He explains how to establish credit, how to find a bank of last resort, how to obtain loans from alternative sources such as the Small Business Administration, how to repair a bad credit rating if a loan goes bad, and how to dump a banker and still keep your credit. Boothe also covers the Ten Commandments of managing credit and creditors; how to request specific types of loans (such as a house or a car loan, a college tuition loan, or a loan for purchasing a retail business or a professional practice); using a loan agent or consultant; the steps to take after your loan is approved; what goes on behind closed doors at the bank; and what to expect from the credit system in the future. With this book, you can learn to master the loan process and secure the funds you need to make your vision a success.