• Understanding the Banker’s Mindset (Part I)

  • Nov 4 2024
  • Length: 42 mins
  • Podcast

Understanding the Banker’s Mindset (Part I)

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    How do you get inside a banker’s mind to secure a loan for self-storage facilities?

    Scott breaks down the intricate dance of lending and the steps borrowers must take to improve their chances of loan approval. He dives into how the current economic climate—elections, inflation, and fluctuating interest rates—affects loan applications and approval times.

    Scott also explores different lending sources, from community banks to pension funds, and emphasizes the importance of crafting a detailed business plan to win over lenders.

    WHAT TO LISTEN FOR
    :59 The Impacts of Interest Rates and Elections on Lending
    1:55 Why Banks Avoid Saying “No” Directly
    6:15 Can You Get Pre-Approved For a Self Storage Loan?
    29:49 Final Projections: Why Good Enough Isn’t Good Enough

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