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Are Banks not funding your b-plan?

Are Banks not funding your b-plan?

Discuss Are Banks not funding your b-plan? within the Indian B schools, College Zone and Campus Talks forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Banks can’t lend you money on your business plan. It’s against the law. They’re supposed to protect their depositors’ money ...

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Sunanda K. Chavan
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sunandaC
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Question Are Banks not funding your b-plan? - July 28th, 2011

Banks can’t lend you money on your business plan. It’s against the law. They’re supposed to protect their depositors’ money by demanding collateral, credit history, and low risk. And startups are high risk.


Bankers are good and bad, smart and not-so-smart, liberal and conservative. Sure, some just follow rules and fill forms; but I’ve known some smart innovative bankers. Just as an example, one of the senior officers of a local bank is also a fellow member of the Willamette Angel Conference, meaning that he invests his own money in startups – his own money, not the bank’s money.


Banking laws have discouraged banks from investing in your startup since the Great Depression of the 1930s, when lots of banks went under. You have to have some assets – like your house equity – and you have to risk losing them. And if your credit rating is bad, that’s your fault and not the bank’s, but it does make it harder for the bank to lend you money. And that means that you can lose your house.
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