Can You Really Negotiate For Much Better Deals With A Small Business Loan?
Didyou ask at another lender to find out there might be a lesser rate?If that's the case, inform your bank that you simply were cited alesser rate. They need your company. You will know simply becausethey approved the loan. Have you got accounts with anotherinstitution i.e. bank? Request your bank should you transfer thataccount for them will you receive a rate plan?Finally, if these aren't good options, let them know that you'reworried about the speed. It may sound like you're an existingcustomer. Being an existing customer, you've some leverage andthere's no recourse in only requesting a lesser rate. If all ofthis fails, request what's going to take to obtain a lower rate.Deposits matter for them. What account balances does it take toobtain a rate plan? Opening the dialogue may trigger otheractivities that can help you.
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