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Article: When does a lender call in a venture capitalist?
- Article from:
- Hoosier Banker
- Article date:
- August 1, 2002
- Author:
CopyrightCopyright Indiana Bankers Association Aug 2002. Provided by ProQuest LLC. (Hide copyright information)
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If, as the saying goes, there is more than one way to skin a cat, there must be several ways to make a good business deal.
As a bank loan officer, you probably look for many alternatives when a deserving potential borrower offers a compelling story and a well-- reasoned business plan, but your bank needs a little more support to make the loan. Especially if the business owner is a longtime bank customer and you don't want to lose the relationship, you may want to look long and hard for a partner to share the financing.
In this situation, you may want to call a venture capitalist, either an individual or one who works in a firm. Hooking up with the right venture capitalist yields ...