My name is Tim Alexander and my company is Triune and I am a consultant to the commercial banking industry. It has never been easier to get a bank loan, and I am getting several calls per week from banks asking for new referrals. Nationally, deposits are growing at a much faster rate than new loans. This means banks have more cash than they can lend, and commercial loans are the fastest-growing category in banking.
Banks are unable to approve a fraction of the requests received for a short list of common reasons. Each bank is different; not all departments in a bank will extend all types of loans. Like roses and tomatoes, there are many different types of loans. One of the most common reasons for financing failures is asking for the wrong type of loan from the wrong department, or the wrong bank. Banking is now very focused. In the last ten years, bankers say they have moved to spending 40% of time on regulatory matters, leaving less time for lending.