Unlock the secrets behind how banks evaluate your business's creditworthiness in this essential Financial Acumen podcast episode.

In this episode with Shawn Sackman, Commercial Banking Leader for Regions Bank, we discuss the process and key factors that banks consider with assessing the creditworthiness of your business and candidacy for debt financing.

We explore a number of areas including financial metrics, credit history, business plans and collateral in support of credit applications. Shawn shares his tips on how to improve your business creditworthiness and how to better prepare for the credit assessment process.

Chapters:

00:00- 1:20 Introduction
1:21-14:20 Bank Assessment Process
14:21-31:20 Asset based vs. Cash Flow
31:21- 44:00 Red Flags
44:01- 54:50 Bank Relationships
54:51- 1:03:00 Market factors
1:03:01-1:06:45 Bank Fees
1:06:45- 1:09:45 Technology impact
1:09:46- 1:13:30 Common Mistakes
1:13:31- 1:21:13 Parting Advice

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