An Interview With Chris Dawson - Senior Vice President at Crockett National Bank
At Crockett National Bank, we’re lucky to have an amazing team of bankers! Today we want to showcase Chris Dawson, one of our Senior Vice Presidents, who works primarily in commercial and business lending.
1. Tell us who you are and what you do at Crockett.
I grew up in West Texas, received a finance degree from Texas State University, and started my career in banking in Odessa, well, let’s just say…a good while back! I have been involved in both the business side of running a bank as a chief financial officer and as a commercial lender in large national and small independent bank environments. I feel like I can be a good advisor to people with financial needs because of that background. Today, I am focused on approving loans for the purchase or refinance of commercial real estate and for general business needs.
2. What are two tips you would give to a customer looking for help with commercial financing?
If I could give 2 pieces of advice for someone seeking financing for general business needs or for business or investment property, I would say…
Do your homework. Take the time to understand the endeavor from both a current and long-term perspective. For instance, if you are purchasing an income-producing property, what is the possibility for income in the current environment and in the property’s current condition? What are the economic trends of the surrounding area…Are new jobs being created? is there new construction and expansion in the area of the property or are nearby properties declining and falling into disrepair? Could the property be rented or leased for more if it were improved in some way?
Make provision for the equity (or down payment) you will need before you begin your search for a property or for financing. A good general rule of thumb today is to think in terms of being able to provide for 30% of whatever you are acquiring out of your own resources (or in combination with other investors). That investment is an important cushion that can safeguard you against minor bumps and setbacks that almost every entrepreneur or investor will experience along the way (at least those who will admit it!).
If you will do these 2 things, you will normally be able to make an informed decision that you feel good about, whether in the end that decision is “Heck, yes!” or “No way, not with my money!”
3. What's your favorite thing about working for Crockett?
My favorite thing about working for Crockett is absolutely, without hesitation, the people! The bank is filled with capable and committed bankers who really care about their customers and about each other. It doesn’t get any better than that!