Your bank line of credit is a critical tool for managing your business. Whether you use it for daily operations, strategic business improvements, or as your emergency fund to cover unplanned cash needs, it pays to keep your line in good standing.
This article provides advice for understanding how your bank views your business and how to best manage your bank relationship. It includes four ways you can ensure that you and your line of credit are on solid footing with your bank.
- How does the bank view your relationship?
- How does the economy and growth impact your bank’s lending approach?
- Make the bank want you
- Proactively manage your bank relationship
About the Author
Scott is president and CEO of BlueTarp. He has spent the majority of his twenty year career in financial services helping businesses grow more rapidly through the effective use of credit.More Content by Scott Simpson