Is this why the economy is the way it is?

Here's what one of my mentors did to get a $2.5M line of credit.

Step 1: He finds a local bank or credit union and he opens a small account with them - $50,000.

Step 2: after several months, he approaches the bank manager and just mentions in passing the possibility of him getting a line of credit from the bank

Step 3: after several more months, he then presents a detailed proposal showing the income he is getting from his current assets and why, if he borrows $2.5M...the income from his current assets can actually support the $2.5M line of credit (this line of credit is actually SECURED line of credit)

The bank's manager feels comfortable with him...and impressed by his financial statements (Income Statement and Balance Sheet). Because it's a small local bank or credit union, there's not much bureaucracy or too many people that need to be convinced. And because he is already a depositor with the bank (with almost a year of banking with them), the bank is more inclined to give him a secured line of credit.

Now...he has repeatedly done this several times so much so he has over $10M line of credit from several local banks. It takes time - not just a 1-time meeting to make it work though.