Will Coleman and Mike Taravella discuss why it’s important to build banking relationships.
Bankers are not interested in short term relationships, they want to build long term relationships that span the course of at least 10-15 years.
Banks want to pursue relationships in which a person or business will be making regular deposits into their bank accounts.
Lending amounts are limited by the amount of money deposited into a bank’s accounts. For every one dollar deposited into an account, a bank is able to lend out ten.
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