[BC] RE: I believe it has begun...

[Mark Croom]

But you'd better show up with a business plan that makes sense to a banker.

The banker's association here in MN is running commercials on the radio
telling people they have money to lend, but that standards are stricter than
they have been, and of course they deliver a little kick at "irresponsible
non-bank lenders" in the process. Not that I have a problem with that--there
are plenty of reasons we're in the mess we are, and easy lending/borrowing
practices of the boom happen to be part of the mix.

It would have to be an awfully good deal to make me want to get into
ownership right now, unless I had a lot of operating capital to get through
the current slump.

Mark
MN

On Mon, Mar 30, 2009 at 4:59 PM, Blake Bowers <bbowers at mozarks.com> wrote:

> Don't for a second believe the banks
> are not lending.  Many of the regional and
> smaller banks are flush and more than happy
> to lend.
>
> ----- Original Message ----- From: <tpt at literock93r.com>
>
>> Two things:  1. NAB--traditionally a time for brokers and prospective
>>  purchasers to get together.  2. Brokers getting desperate.
>>
>> Unless you have a buyer with cash sitting in the bank--or the deal is
>>  under the magic number of a million--there's no sale.  The banks are  not
>> lending. Period.
>>
>