Be transparent with your banker.
“You never want to surprise a banker because you may not like his or her reaction. The whole business of banking is built on trust,” says Seiwert. If you’re only going to tell me the good stuff and you’re going to forget all of the bad stuff. If you’re only sending me information when it’s positive, that whole trust factor goes away. He advises finding a banker that you’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.