Be transparent with your banker.
â€śYou never want to surprise a banker because you may not like his or her reaction. The whole business of banking is built on trust,â€ť says Seiwert. If youâ€™re only going to tell me the good stuff and youâ€™re going to forget all of the bad stuff. If youâ€™re only sending me information when itâ€™s positive, that whole trust factor goes away.Â He advises finding a banker that youâ€™re comfortable with and develop a relationship where you can share the good, the bad and the ugly with the banker. He also suggests coming up with a primary and secondary way to repay that loan. This will help the banker become more comfortable with the risk level of extending a loan to your business.