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It seems like when you really need money, banks don't want to lend to you. The real reason of course is that if they don't lend it to you, its because you don't have the collateral and or can't prove that you can pay it back, and / or think your reason is bogus.
If you ever need to borrow, it helps to be prepared.
On the other hand, if you have good credit, collateral, a good business idea and a good plan to pay it back, banks will trip over themselves to lend you the money. You can shop around to various banks and negotiate the best terms for you. Don't forget that lending is their business.
Whatever you do, avoid the companies that offer to lend you money when the banks refuse. There's many that do this, with goofy tag lines like "Get $300k to $3m in only 7 business days". You get your money maybe, but at a huge 33% or more rate of interest.
Happy borrowing!
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