Robin Roberts: What You Must Know When Negotiating With Banks

  Negotiating with banks when getting a loan is not only about getting the most rewarding end of the deal. There are a lot of regulations and policies to be considered here after all, and you must be aware of each one to ensure a smooth process. Bob Roark talks with the CEO of https://ppnb.com/ (Pikes Peak National Bank), https://www.linkedin.com/in/robinjroberts (Robin Roberts), to delve into the right approach to bank negotiations. She explains why you can't argue with banks about submitting tax returns and financial statements, delving into why it is not an invasion of privacy. On the other hand, Robin talks about loan covenants - which are negotiable - detailing how you should discuss its specifics with the bank to come up with a satisfying agreement for both parties. --- Watch the episode https://www.youtube.com/embed/sEUCyl3HyaA?rel=0 (here) Robin Roberts: What You Must Know When Negotiating With Banks Have you ever wondered why banks sometimes do things that are not quite clear? In this series, I have Robin Roberts. She’s the CEO of https://ppnb.com/ (Pikes Peak National Bank). She’s here to demystify some of the things that might be bothering you. One of the things that we talked about at length is how to negotiate with your bank. There are so many people that miss this one particular component and it is not the 1/8 of the quarter that you negotiate on the loan. Oddly enough, it might be the covenants that you might want to spend some time on. Take care, enjoy, and I hope you learn something from this episode. --- What can you negotiate with your bank? If you’ve finished negotiating with your bank and you’ve got an extra 1/8 off on my five-year fixed 30-year amortization note, don’t necessarily pat yourself on the back. You may have missed basically the entire positive things that you can do. In this episode, we have Robin Roberts. She is the CEO of https://ppnb.com/ (Pikes Peak National Bank) to illuminate and demystify what you can negotiate with your bank in the commercial loan