Commerical Loan Size Limits
Posted 13 July 2004 - 03:14 PM
Appreciate anybody who can point me in the right direction.
Posted 13 July 2004 - 07:10 PM
Who do you take the big commercial loans to?
What exactly do you mean with ” Is this person stuck with having to go to the bank?” Do you have any local lenders that you can take the deal to?
For example, most banks will have the lending area divided into a “retail/small business” division and a “corporate/commercial” division. Chances are that your contact at the lender can kick the loan down to “retail/small business”.
On the other hand, if you are talking about non-bank lenders, my knowledge of those is limited, but I would agree that for most a loan that size is not really a money maker.
Posted 14 July 2004 - 09:32 AM
I too have limited knowledge of non-bank lenders, but I do know that good fee revenue from smaller commercial deals will make them more enticing. Of course, being a community commercial bank also probably helps with our flexibility. Just a thought.
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