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East Arkansas | Mrs. B good point...this bank was purchased a year or two ago. I should note that taking too long to approve the loan was only part of the problem. As big an issue as that was only loaning me maybe 80-90% of what I need to get through a year, then they want me to ride suppliers into the spring. Example: I bring in 1,400,000 net sales and I have a loan for 1,000,000 and expenses of 1,200,000 which leaves a profit of 200,000. This is fine except for the fact that I don't receive half of my net before the 1st of the year and the other half by July 1 or so. | |
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Changing Bank-- and feel bad about it
