Look-see

Be Weary When Your Bank Says They Want to Have a Look-See

Be Weary When Your Bank Says They Want to Have a Look-See

When a bank has serious questions about the sustainability of a business, which they have provided debt to (normally large amounts of debt), they often suggest that they perform a “look-see”. Although this term sounds harmless, it’s actually a very serious request that the business owner needs to be very cautious of because it can equate to serious consequences for the business and its stakeholders. When a look-see request comes through it generally means the bank has lost confidence in the business it has provided lending to.