I have recently had meetings with two business banking managers and both have told me that it is not unusual for small business owners to say ''I want to expand my business. How much can I borrow?'' Simplistically, banks give interest to savers and depositors. They charge a higher rate of interest to borrowers. The bit in between is their profit ...
It is going to be difficult to back up assumptions used in the business plan without the history those assumptions are based on!
The bank manager has a duty to look after the deposits of savers and make a profit for the bank. When you are asking a bank to lend you money you are asking them to invest other people's deposits and savings into your business.
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