Not only is Lender Fatigue common, it can bring about irrational behavior on the part of the bank…The bank closed the company after it recovered from its loss, had strong collateral, positive cash flow and just completed four quarters of profitability. That’s Lender Fatigue.
Sometimes banks are heroic in their support of a customer who hits a rough patch. This over-and-above support from a bank often wins the undying loyalty of the borrower. Being loyal to those who really help you when the chips are down is a great thing. However, this loyalty can sometimes kill the borrower. Some […]