If you’re a business owner/operator, you understand the importance of your presence and services in your immediate community—so who better to understand your needs than a local community bank like Excel Bank? Community banks offer several advantages for small businesses:
1. Relationship-Based Banking
You know better than anyone that your business is based on your relationships with your clients. In fact, you probably know most of them on a first-name basis. Just as you’re well known by your community, community banks factor in what they know about the character and qualifications of their clients when deciding to grant a loan. To them, you’re more than just a credit score or financial asset. You’re a valued client, representing a mutually beneficial, long-term relationship for the bank.
2. Decisions with the Community in Mind
With an intimate knowledge of the local economy, community banks factor in the needs of the community when deciding to grant a loan. While larger national banks might only play a numbers game, a community bank’s insight into local market conditions leads to more business loan approvals. In fact, community banks hold 36 percent of small business loans, which accounts for double their share of the banking industry’s total loans.
3. Faster Decisions
Whether a significant piece of equipment is damaged or you need to finance a new addition to your property, a community bank provides faster, local decisions to keep your business thriving. That’s because a community bank considers loans based on its own standards, unlike the large national banks that use a strict set of guidelines passed down from corporate headquarters. Community banks represent a business model that suits your needs. Not just the needs of the bank.
4. Local Networking
Whether you are a long-term or new business owner, you understand the value of networking with local suppliers, service providers, and clients. A community bank can be used as an asset for those connections as you grow your business.
5. Collaborative Lending
Although community banks may not have the lending capacity of larger national banks, community banks collaborate on the credit/lending process to offer loans to more businesses, which allows them to serve more members of their communities.
Come to Temecula’s Community Bank.
Come to a bank that’s built for business.
Come to Excel Bank…where we know our clients by name
Member FDICMelissa Castillo
Vice President, Client Services Manager
Direct: (951) 904-4561
Main: (951) 904-4560
mcastillo@excel.bank