Getting a Bank Loan

Many small business owners begin their businesses with cash provided by owner savings, family loans, or investments from business partners.  As a company grows its need for additional working capital may require funding from other primary sources such as banks.  Over the years banks have focused on reducing their risk of making bad loans by improving their due diligence in accordance with sound business practices and enhanced documentation.  By and large Maine’s community banks have been successful in this.  For the business borrower this new reality can be an extremely frustrating endeavor.  We have significant experience in helping our clients provide the bank with the information they demand in a form that helps the bank make a fully informed lending decision.  Although we can never guarantee that our clients will get a loan, we can ensure that our clients will have provided the bank with the proper information in such a manner as to be self-explanatory to the bank.