Local Banks
topic on 3 shows · 3 statements across 3 episodes
BigDeal 
the Startup Ideas Podcast 
Top Founders
3 statements about Local Banks, every show
Sanchez: $500B was withdrawn from local banks within two weeks of SVB
“Within two weeks,
Five hundred billion was withdrawn from local banks seeking safety.”
Navin: Local banks charge 4% to 5% for EUR/USD hedges
“I mean, if you would try to do that, for example, versus, I mean, with his local bank, you would pay, probably end up paying by four or five percent for the specific million dollars of euro dollar hedge.”
Martocci: Founders can stack local bank credit lines to secure cheap debt.
“Local banks you can actually go to, and they'll have You know, very loose, easy terms for small amounts, like 50,000, a 100,000, a 150,000, and there'll be maybe no personal guarantee, they won't want the first position on the debt, and you can stack them, you…”