tag:blogger.com,1999:blog-6095093142846356022.post7493316600569058525..comments2023-06-29T01:17:01.219-07:00Comments on The Drowning Entrepreneur: My personal banking crises!The Drowning Entrepreneurhttp://www.blogger.com/profile/06557899916678572691noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6095093142846356022.post-25320006085547085242009-04-26T04:51:00.000-07:002009-04-26T04:51:00.000-07:00That strikes a chord, something similar happened...That strikes a chord, something similar happened to us some years ago, before there was ever a “Banking Crises” Same bank, no longer our bank.........<br />It happened twice. The first time the refusal, for no reason we could ascertain, almost collapsed the business. The second time they pulled a similar stunt coming up to Christmas so I moved bank and although ALL banks and entrepreneurs have a tenuous relationship, we have been happily working with Ulster Bank for six years now.<br />In conversations over the years with other business contacts, it would appear that BOI are great if you are a very big secure cash rich business or a personal customer but the SME sector is regarded with suspicion and too high a risk. Branch Managers have almost no say in lending of amounts over €4000 and there has been so much moving and changing of Branch Managers, that developing a business relationship with a branch, is almost impossible.<br />Keep treading, if it was easy everyone would do it...........<br /><br />Brendan Palmer<br />http://electronic-recycling.blogspot.comBrendan Palmerhttp://electronic-recycling.blogspot.comnoreply@blogger.com