What Should a Small Business Look For When Choosing a Bank?
“Everyone is different in what they are looking for in a banking relationship. Some people want convenience so very likely they will establish a relationship with a “big” bank since they tend to have more branch office locations. Other people prefer a smaller, more personal approach to banking so they will tend to have their accounts at a community bank. All banks offer essentially the same services- term loans, lines of credit, deposit services, online banking, etc. The real difference will be the people. If you, as a small business owner, need nothing more than a checking account then any bank will do. If you need a broader relationship that involves a credit facility of some sort (term loan, line of credit, real estate loan) then you should find a banker you feel comfortable working with – someone who will take the time to get to know you, your business and your industry. Your banker will be your advocate within the bank and will be the person who will recommend loan requests for yo
