Am I better off borrowing with the same bank or should I cultivate relationships with several banking institutions?

Top voted answer
Deborah Vella

Deborah Vella Owner at

Top 10% Startup

It depends on what you are trying to achieve. With an ongoing business relationship, your bank may be able to assist you in different ways. However be careful of cross-collateralisation. On the other hand, with borrowing with different banks you may be seen more about the numbers.

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