RCRE – Building Banking Relationships
Will Coleman and Mike Taravella discuss why it’s important to build banking relationships.Key Information:
Bankers are not interested in short term relationships, they want to build long term relationships that span the course of at least 10-15 years.
Banks want to pursue relationships in which a person or business will be making regular deposits into their bank accounts.
Lending amounts are limited by the amount of money deposited into a bank’s accounts. For every one dollar deposited into an account, a bank is able to lend out ten.
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