The bank you choose for your business is an important decision. The wrong decision can mean crazy fees, big hassles accessing your money, and frustration. The right decision can mean more money in your bank account and a seamless and positive experience.
Here’s how to find a small business-friendly bank.
Step #1 Identify your needs before you go bank hunting. Do you need a credit card or lending services from your small business bank? Do you need online banking? Do you need 24/7 account access. Do you need to be able to accept wire transfers or electronic banking? Not all banks have lending authority nor do they all provide online banking. If you’re going to be borrowing money or applying for an SBA loan, make sure your bank is comfortable working with the U.S. Small Business Administration (SBA) loan system. [click to continue…]













