Lender role in a business succession plan is discussed. Hear guest Mike Foresee, a bank vice president and relationship manager talk about how a lender participates in planning. Listen for key components a bank is looking for in the plan. Foresee explains why a good relationship with lender is critical to process success. Listen for who is on the planning team. Foresee explains programs that are available and how they function. Revisit the 5 C’s of credit and why #character count. Hear why a succession plan might cause a #loan #default.
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