Quote Ferocious Aardvark="Ferocious Aardvark"All very well, but the Coral stand wasn't built yesterday, and if it was the disposal of the head lease that upset RBS then they seem to have got upset over something that viewed at from ANYBODY's angle was worth in actual cash terms jack schitt. It is my experience of banks at this level that the bean-counters who decide a business's fate really not only have NO CLUE how a business operates, but actually don't care, not in the slightest, they go entirely 100% by numbers, there is no talking to them, and if their decisions mean they take a massive hit, when by supporting a business they may have not done, that is of zero importance to them. They punch their numbers into whatever number machine they use, it tells them what to do, they do it like Pavlov's bleedin dogs.
The irony of the fact that they have history for ruining thousands of small businesses in precisely this way whilst trading hopelessly insolvently themselves and but for us taxpayers, going spectacularly to the wall, is lost on them.
To those banking apologists who are making woeful excuses about how the banks in these days post-banking crash need to "tighten up on lending" - what planet are you on? Do you actually believe that the banking crash had even 0.0000005% to do with mismanaged lending to small businesses??? FFS. And here's a case in point; unless benefactors can unfeasibly raise a million pounds or so to pay off debts, the Bulls will fold, and the bank, which would otherwise have continued to make money from the Bulls for the foreseeable, will do its bollox in on the deal. And this - even if you don't factor in the negative value of the appalling publicity for RBS if they collapse a hundred year old community sports club - to me just shows how out of touch with reality they are, and how they really are not in the slightest bit interested in the business, or in the wider picture. Utter ba5tard5, I detest them.'"
As someone who had a very similar experience with the same branch of the same bank last autumn and had it not been for the fact that I could quickly access some emergency funds, would have been on the streets. I wholeheartedly echo those sentiments.
They weren't in the slightest bit interested in how successful my business was, the fact that I asked to extend a facility was enough for them to decide to withdraw it.
