Client Review on BankVista

Feedback:

I went to BankVista for a small business loan to purchase a business in a small town in MN. This business is for sale and is precisely the type of business that the SBA is set up to help. I was introduced to Mike Phillips at BankVista through the seller's broker. I set a meeting with the Loan Officer, Mike Phillips, sent my resume showing a long, successful career, provided a 40 page business plan on an already successful business, and he made up his mind within 10 minutes of meeting him, based on a personality clash, that BankVista was not going to work with me. He began the meeting looking at me in total silence, forcing me to "lead" the meeting, I began to review my history, both positive and negative. When finished, he said we had a 45% chance of succeeding in getting an SBA loan. A banker at Bremer Bank three days ago had said an 85% chance. Mike never looked at my business plan with me, (only stating that my predictions were too optimistic). He also asked me what my plan B and C were if the business began failing because he "didn't want to be the first person" I came to if it went south. I also asked what if I had a cosigner, would that make any difference? He said he didn't like to use cosigners because too often they didn't know what they were getting themselves into...even though I had explained that my backer, should I need one, was a successful trader of mortgages who handled many millions of dollars of transactions a day. I've never been treated so rudely by a person who was asking me to be HIS customer in my life. No smile. No I'm sorry. Just a smug attitude that said "I don't like you and you're wasting my time."