Pink Truth: Getting a Bank Loan For Your Mary Kay “Business”

Pink Truth Facts, opinions, and the real story behind Mary Kay Cosmetics.

Getting a Bank Loan For Your Mary Kay "Business" Aug 23rd 2012, 11:00 One sales director is suggesting that new Mary Kay consultants use this letter to get a bank loan. Yes, she’s suggesting that the consultant actually present this nonsense to a bank loan officer. I’m afraid to say that this isn’t quite going to cut it. To: Loan Officer Business Proposal I recently became a Mary [...]

I am not sure that this is as pathetic as Pink Truth would like everyone to believe.  Obviously a business loan decision is going to be based more on the tangibles (down payment, collateral, etc) than the shape of an introductory letter, but having on paper what you need the money for and all of your expenses is better than nothing. Also, it wasn't all that long ago that you could walk into a bank and for next to nothing borrow money for just about anything you wanted.  I believe this phase was later referred to with phrases like "reckless lending" and has now made borrowing money virtually impossible.  So the banks really hold all the cards on this.