I recently had a short term need for some extra cash to help finance a business proposition that was offered to me. It would require some upfront cash which I didn’t have at the time. I approached my banker for a loan, which may have proven difficult, because not many loans were being given, even with good credit.
This venture, however was being promoted by a reputable business person in our community who happened to be a close personal friend of the banker. My banker was familiar with the concept and had no problem getting the money for me.