A bank relationship matters most when you need financing.
In this article
Fees
Monthly and per transaction.
Credit
Lines and loans.
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Merchant services
Card processing.
Online tools
Integrations.
Relationship
A banker who knows you.
A closer look
When a company needs a truck loan or a line of credit, a banker who knows the business can make the difference. Building that relationship before you need money is key.
Where to start
Meet a business banker at two local banks and ask about credit options.
An example
A contractor moved to a local bank and met the business banker quarterly. When he needed a line of credit, approval was quick.
Common mistakes
Choosing only by fees, no relationship and mixing personal accounts.
What to track
Track fees, credit available and response time.
Questions to ask
Who is our banker? What credit could we get today? Are fees reasonable?
Price every call so it pays.
We help service businesses set clear policies, book better jobs and turn more calls into profitable work.
Frequently asked questions
Should a service business use a local bank or a big bank?
Both can work. Local banks may offer more personal relationships and flexible lending; larger banks may offer better technology. Compare fees, credit options and service.