Getting A Loan Is A Laugh - PowerPoint PPT Presentation

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Getting A Loan Is A Laugh

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Trying to get a loan from your bank is laughable if it wasn’t so annoying. Quite simply they not only do not want to lend to individuals but when they do it becomes a drawn out procedure meaning quick loans are impossible. – PowerPoint PPT presentation

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Title: Getting A Loan Is A Laugh


1
Getting A Loan Is A Laugh
  • Trying to get a loan from your bank is laughable
    if it wasnt so annoying. Quite simply they not
    only do not want to lend to individuals but when
    they do it becomes a drawn out procedure meaning
    quick loans are impossible.
  • The only way to get short term loans when
    urgently needed during a property transfer or
    when completing on a successful auction bid is to
    approach a company that specialises in bridging
    finance like the Mayfair Bridging Company.

http//www.mayfairbridging.com/
2
  • If you had a bank account in the seventies and
    eighties you will remember how easy it was to get
    an overdraft. Today most high street banks have a
    manager that is not authorised to lend more than
    a few hundred before referring to head office via
    an annoying session on their computer whilst you
    wait.
  • This is in stark contrast to those easy credit
    days of the eighties and here is a true story to
    illustrate this. In the eighties I had a one man
    business buying and selling used computer parts
    with a turnover of around one hundred thousand
    pounds.

http//www.mayfairbridging.com/
3
  • I moved house to another part of the country and
    closed my old bank account mostly because the
    manager was a miserable old fool. Entering a
    different bank in this other town with no
    accounts but a sheaf of old statements from the
    old bank I was shown into the managers office.
  • In a scene out of an old Ealing comedy he asked
    if I liked a drink and when I said I did it was
    clearly the right answer as he then opened the
    bottom drawer of his desk and produced two
    glasses and a bottle of sherry.
  • I asked if I could open an account and he asked
    for any accounts. I had none but I handed over
    the fifty sheets of statements and he leafed
    through in seconds not once but twice. He then
    pointed out the obvious that there was plenty
    going in and just as much coming out. I agreed I
    was not much good at saving.

http//www.mayfairbridging.com/
4
  • He made a call downstairs and asked some clerk to
    open an account in my name and when he asked how
    much I wanted to open the account with I said
    with a straight face five thousand pounds of the
    banks money in cash.
  • Nobody in banking today would believe this but I
    went down the stairs with him to the main lobby
    and he asked me to sign a simple form and then
    handed over five thousand pounds in cash.
  • An impossible story today but I never let him
    down and repaid with interest over time. Today if
    you need money in a hurry albeit with the
    security I could not offer back then, the only
    way is to get some bridging finance from an
    independent specialist lender.

http//www.mayfairbridging.com/
5
Thanks For Your Time
http//www.mayfairbridging.com/
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