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Balaton Mn | Usually only one reason a bank turns down a loan. It’s because the numbers don’t support it per federal banking laws or rules. If I need a million and have 2 million behind me the bank will finance me, even if it is a sure lose deal. If I need a million and only have say $500,000 behind me, not sure what ratios etc. are, for a no way no how lose deal, bank won’t loan out the dough.
A bankers job is to loan out money based on financials. Nothing more. | |
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