Traditionally Banks have always made money off of charging interest on loans they provide for customers. As more & more banks start competing for your business they will charge less & less fees in your checking account and be forced to focus more on lending. As for the current situation a lot of banks have the money to lend and are actually willing to lend you the money. Just remember that the next time you get turned down by the big bank.
If you’re looking for cash & live in the New York City area I highly recommend you go to banksloveme.com when it is ready to launch or check out some of our New York City banks in our blog. We’ll have lot of in depth analysis on each bank!
Soon you’ll have to say Banks Love my business too!