The things you do in good times will heavily affect what happens to your company in bad times. When a bank is hot to make a new deal, they’ll agree to a lot of “stuff” that they won’t agree to later. Get tips on what to avoid at all costs, when you still have some bargaining power. Your bank can turn into Quasimodo on a moment’s notice; your best friend will instantly become your worst enemy. Be prepared when that happens: get a review of forbearance agreements, confessions, bank account set-offs, and how to avoid or negotiate them. Find out the best practices for avoiding the worst.
This course was recorded at PBI`s 16th annual Business Lawyers` Institute in November 2010. Other sessions from the Institute are available at PBI`s Online Campus.
Alan S. Fellheimer, Esq., Pennsylvania Business Bank, Philadelphia