Bauer Business Focus

Tune in to News 88.7 FM’s morning segment every Friday at 6:35 a.m. and 8:35 a.m. to hear Bauer faculty and business experts discuss business news, trends and issues.

Jose Valdez | August 12, 2011

Published on August 10, 2011

Small businesses have to help the banks understand how they can make a comeback in this economy, said Jose Valdez, assistant vice president for commercial banking with Frost Bank.

On Bauer Business Focus — A conversation on small business loans with Andrew Schneider, business reporter for KUHF 88.7 FM.

In a down economy, small business owners are perhaps hit the hardest. Not only do they see a decline in business, but their chances to receive a bank loan to stay afloat become even more difficult.

Jose Valdez, assistant vice president for commercial banking with Frost Bank, stopped by Bauer Business Focus recently to discuss how small businesses can better their chances of receiving a loan.

“The small business owner is suffering right now, so it’s hard for bankers, like myself, to put through an application where a small business has had losses in the past few years,” Valdez said. “The business owner has to do a better job of convincing the bank of why they should extend credit to them.”

When businesses apply for loans, there are several different options that can lessen the impact of monetary loss in the past.

“When I see a business owner that has adapted well under this environment and they’ve been around for a long time and surviving, I think that goes a long way in mitigating some of the weaknesses,” Valdez added.

“The ball is in the business’ court, and they have to help us understand how they can bounce back out of this environment.”

Click here to hear the full interview.

Posted Under: BBF

Leave a Reply

Your email address will not be published.