This is the second of four clips that were filmed undercover. I donned a clever disguise and a pin-hole camera to see what I could learn about how small businesses are treated when they try to get financing at a local bank. There are a couple things you need to keep in mind as you watch: 1) I am deeply appalled and saddened (as any viewer ought to be) at what these undercover clips reveal. Many business owners rely on their bankers for advice and it appears, from what you'll see, that this trust is likely misplaced. It doesn't bode well for the lending industry as a whole, but please know that some lenders (read: MCC) DO know what they're doing and DO have their Clients' best interests in mind. 2) I was hesitant to put these out there for the entire world to see, which is why I sat on them for 14 months. When we taped these, we were actively working to become a national bank. Having been stonewalled by the FDIC (who only seems concerned with covering its rear-end), and with the banking crisis going from bad to worse, we decided that now is the right time to put these videos out there. 3) The date on the videos indicates that these clips were filmed in the year 2000. Actually, this experiment was conducted in May of 2008. Our film crew made a slight error when they edited the tape. You may also catch a few mistakes in the captions — again some oversight by our (former) film crew. 4) We went to five banks, but you'll find only four clips. That's because I didn't even get to ...

Tags: catch, wall, hurn, national, commercial, estate, banker, fast, the, street, guide, camera, la, sba, medium, sacramento, lending, investment, financing, orlando

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