Lol why? What's their reasoning here?
This is a familiar story to any high-growth bootstrapped business who has dealt with banks. I once had a banker suggest landing fewer customers and stop quoting on new projects in order to get YoY growth down to 20-30% so that the bank could finance me.https://twitter.com/TheStalwart/status/1033416872115486721 …
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Growth is risky in a business with inventory. All profit goes to buying more inventory, and you still pay taxes on profit - you end up cash flow negative even if your margins are good. Banks don’t like cash flow negative.
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