Not necessarily. Why put all your eggs in one basket? What if your lender’s policies change? Why place all your liens to one bank? Having a broad mix of relationships with potential investors and lenders is a prudent business practice.
Seek out lenders who specialize in your industry. Generally it’s far easier to get financing when you don’t have to walk a bank officer through every aspect of your business. Bank officers tend to have a high turnover rate; therefore you might need to explain to new bankers each year so they understand how your business operates.
Bank consolidations and modified government regulations may affect lending patterns which may be adverse to your business in the future. Review all closing costs. Banks often hide loan costs with teaser rates.
