Banks have too much money lying about and are eager to lend it to businesses, Børsen business newspaper reports.

An analysis by Bankinfo has shown that finding the best loan deal is simply a matter of going to the financial institutions with the most cash in the vault, Steffen Torvits, a partner at Bankinfo, told Børsen.

“If you are a company looking for a loan or for better terms, it’s a good idea to try to find the hungry financial institutions,” he said.

Bankinfo identified 15 ‘hungry’ banks, which in principle should be more willing to give a loan with attractive terms.

A refusal isn't necessarily the end
Companies that have been turned down should therefore not give up hope, Torvits explained.

The rejection, he said, can often be a sign that the banks have problems they need to address. And instead the companies should approach the 'hungry' banks.

“They all want you to come to them,” Torvits said. “So if you also get a refusal there, you should listen carefully to why you got it.”

Arbejdernes Landbank hungriest
Arbejdernes Landsbank topped the list of ’hungry’ financial institutions with a deposit surplus of more than 10 billion kroner.

The bank’s spokesperson, Gert R Jonassen, said the bank was very interested in making loans to businesses, but said that they would not be loosening  their criteria for granting them.

“You need to believe that the customer has both the will and the ability to pay back the loan,” he told Børsen.

“You should never be so hungry that you compromise on that.”