Bank Manager: How are you this morning?
Customer: Fine, thank you. How about you?
Bank Manager: I'm doing great, thank you. How can we help you this day?
Customer: My business needs a loan.
Teller at the bank: "How much do you need?"
Customer: I want to spend $50,000.
What do you want to do with the money?
Customer: I need to buy two new vans, equip them, and hire two more people.
Bank Manager: How much of the total cost does this $50,000 represent?
Client: A half. Sixty thousand dollars are in my business account right now. I will use most of what you said.
How long will you need the money? asked the bank manager.
Client: "Two years." That seems like enough time.
How will you pay back the loan? asked the bank manager.
Customer: If I had two more vans and drivers, I could grow my business and take on work I've been turning down for the past year. I will pay back the loan with some of the money I make from the extra business.
Bank Manager: Every business sometimes needs to borrow money. Most businesses that don't borrow money aren't being run well. Even the biggest businesses have to borrow money. If countries can borrow money, why can't businesses?
Customer: I don't like taking out loans.
Bank Manager: Usually, a business borrows money to invest. The money made from the investment will be more than enough to pay back the loan. Banks know that small businesses need to invest and help them do so. A small business is always welcome to ask a bank for a loan. After all, the bank makes money on loans by charging interest and other fees. Of course, I need to be sure that the company can pay back the loan.
Customer: I see what you mean.
Bank Manager: Your business income has been going up steadily for the past three years, so I was going to call you to see if you needed a loan to grow. Your request for an appointment came at the right time.
Client: OK. So, that's it? Is it so simple?
Bank Manager: I'll mail you the loan papers. Fill them out, sign them, and send them back to us. By next Friday, we should be able to put the loan amount into your account.
Customer: Excellent! Thanks
