THE KEY TO GETTING MONEY FROM A BANK WHEN YOU REALLY NEED IT

 Tip # 1 IS… HAVE A LINE OF CREDIT ALREADY IN PLACE.

 This is the type of issue, which says either you’ve done your homework and are prepared for the unexpected or you are in crisis up to your neck.

 How to Get Out of Crisis…

• We all have the same amount of time…it is not the amount of time that matters; it is what you do with it.
• We don’t get out of crisis by ignoring critical matters.  If you’ve got a flat tire, you’ve got to fix it!  Crisis issues are just that…crisis issues.  You must attend to them.
• The key is you must steal time from (stop doing) the unimportant, non-urgent things and invest time in the important, investment stuff (proactive investment in the future).  In automotive language, it means getting a tune-up, rotating your tires, checking alignment, etc.  An automotive repair shop owner recently commented, “It is less profitable to me to do preventive maintenance work but it saves the car owner boatloads of money.  It is more profitable for me to serious and major repairs but it is also the most expensive for the car owner to wait until then to deal with his problems.”

 In this case where you want to have money available to you from the bank when you really need it, staying out of “crisis mode” is assessing your cash flow needs and negotiating a line of credit with your banker when you don’t need it (yet).  Doing this ensures that the money is ready and waiting for you as soon as the need arrives.

 I remember back in the late 70’s when I started my first business; Three months before, I’d been fired from my sales job, but I had a strong desire to start a business of my own and believed I could make a go of it in an area where there was real potential for sales growth. So I put my plan together, and pitched my local banker. And lo and behold I got the $8,000 loan.  Approximately 8 years later, we went public and raised 1.5 million dollars.

 Here are some of the other tips to remember:

             Tip # 2  It’s not the bank but the banker that’s important.

Tip# 3   Be prepared. Make sure you’ve laid out a cash flow for the next 12 mos.

Tip # 4  Don’t borrow short term for a long-term need.

What does God's Word say?

Luke 14:28-30

"Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it?  For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, saying, 'This fellow began to build and was not able to finish.'

1 Tim 6:17

Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment.