Dalias says having three lenders slowed the process. Other entrepreneurs like William Stewart, founding general partner of APV Technology Partners, prefer going to non-regulated lenders because they are able to make decisions about loans faster. If warranted, Sand Hill Capital can issue a loan within a week, and that's the difference between lenders that are regulated and those that aren't, he says. Unregulated means speed. Speed is 90 percent of the game for Sand Hill.
Most banks just move slow.