Buisiness owners an oportunity to give your opinions!

[Gary11]

Once there are a few offerings I will disclose a tale or too of devious bank practices that arthur daley would be proud of,and they are getting worse! I wont name the bank but will wait until there are a few offerings to see if Im overeacting I think to the contrary!
Its no wonder banking is the most derided profession Ive been in buisiness 25yrs and am shocked!God help us.
G

[Gary11]

Ok now Ill throw my hat in the ring takes deep breath...
This is a true story of one customer and a (1) Bank,a bank that after a company trading record of 17yrs asks a meeting to renew a small o/d facility even though its not expired,when the director of the company reads the small print of the "new" facility discovers many unaceptble new "any money" clauses so wont sign to renew as its not expired yet anyway,on the back burner is a property purchase (commercial) deal with the same bank with accepted offer letter recieved for quite a chunk of money,said bank decide to blackmail the director by saying if you dont sign or pay off the small facility they may not do the other deal,bank get told "no" bank then thinks hmmmm (as been shown another mortgage offer)and say "we will still do it as you are so far down the line with us you will loose the purchase if you start again we will complete quicker?" So when quizzed over the small o/d advance they say "Thats fine weve got around that now".Deal gets slow vendor goes wobbly bank insist all is ok.....some time goes by offer letter expires bank reneges on deal and offer EXACTLY the small o/d less as an advance and 0.75 on the rate oh and chops 3yrs of the term! nice...to cap it all after the deal is done guess what they (the slimy double dealing pieces of st) call in the o/d any way.
This is a bank that agrees to fund 5 shops and 5 flats all with long term tennants agrees the deal all get going with solicitors and valuers searches ect ect,this is for a lot of money again drag their heels again wait for offer to expire then this time pull out completely stating change of underwriting criteria we (the company) find a new lender but too late its been sold from under us.

Guess who bought it? Yes you guessed it B****ys funking B**K pension fund what a quality outfit just unbeliveable double dyed lying dogs, anyway sorry to bore everyone but I had to write this somewhere rather here than a news paper thanks for listening,sorry for other people in similar problems.This time next year well all be millionaires LOL
G

Edited by Gary11 on Thursday 12th August 22:07

[Gary11]

anonymous said:

[redacted]

I did read your reply until the point when you said "you would be supprised if they nicked my due dillagence". Oh and the small o/d was fully secured with crosscompany dpgs,In the end we are just a buisinessmen trying to have a deal,it not easy being a hyena when no one has any respect and plays by the book of fk you Im all right jack, remember the ethos of small buisness we have to keep dealing a concept lost of the worthleSS bankers of 2

Edited by Gary11 on Friday 13th August 10:18

[Gary11]

Gary11 said:

anonymous said:

[redacted]

I did read your reply until the point when you said "you would be supprised if they nicked my due dillagence". Oh and the small o/d was fully secured with crosscompany dpgs,In the end we are just buisinessmen trying to have a deal and do buisiness,it not easy being up against a predatory hyena when no one has any respect and plays by the book of fk you Im all right jack, remember the ethos of small buisness we have to keep dealing a concept lost of the worthless dogs called bankers of 2010.All the comparisons with nigeria and hyenas typifies the image of buisiness banking these days.Hardly the substance of our emergance from reccession,all based on eggshells then.
I wouldnt court a banker over lunch ever again those days are gone IMO.

Edited by Gary11 on Thursday 12th August 18:46[/footnote]

[footnote]Edited by Gary11 on Thursday 12th August 19:00