5 Ways the Right Community Bank Can Help You grow Your Business

| July 19, 2023 | By

Seeking ways to grow your business and pursue success in a crowded market? Scaling your business is easier planned than done, so it’s important that you take advantage of every support system you have available. One unexpected partner on your journey may just be your community bank.

Community banks have the time, resources, and bandwidth to offer local businesses game-changing benefits, including: 

  • Personalized service 
  • Flexible, quick decision-making
  • Direct access to experienced bankers
  • Support for your local economy

If you’re starting a new business (or growing an established one), it’s time for you to reach out to your community bank. Here’s precisely what you can expect when you tap into your bank’s invaluable business-focused resources.

1. Your Community Bank Can Help You Secure Business Loans

It takes money to make money, as they say. Wondering how to get that all-important startup capital? Here’s where you start. 

Your local community bank can make it simple to identify the type of loan you need, gather your application materials, and apply for your Small Business Administration (SBA) loan.

At every stage of the potentially-stressful SBA loan application process, your bank will be there, providing the human-to-human support you need. You may be able to access more competitive rates on your loans with a community bank for business than you’d find at larger chains. In addition, you may be able to negotiate loan terms and repayment options based on your business’s unique needs.

2. Your Community Bank Offers Bank Accounts Just for Business

Having designated business banking accounts is critical for your daily operations. Selecting the right one? Similarly crucial. 

BNC National Bank offers business checking and business savings accounts geared toward every stage of business growth, with benefits such as competitive interest rates and free bill pay.

When you’re looking for business banking accounts that match your requirements, talk to a banker. They’ll be able to pair you with a financial product that makes sense, comes with amenities such as intuitive mobile and online banking, and be there to help you reassess your needs as your business evolves.

3. Your Community Bank Can Assist with Cash Flow Management

Cash flow management—making sure the way money moves in and out of a business covers its needs—helps new businesses find stability.

Getting cash flow management right enables great decision-making, planning, growth, and business financial health. Unfortunately, managing cash flow can take an incredible amount of time and mental focus.

Our community banking team offers several intuitive and powerful ways to help you easily manage your cash as you grow your business. These include:

  • Remote and mobile deposit
  • Business bill pay services
  • Lockbox services
  • Business credit cards
  • Sweep services

4. Your Community Bank Offers Personalized Assistance from Knowledgeable Bankers

Figuring out the financial setup of a new business is challenging. The generic how-to’s on the internet often don’t seem remotely relevant.

At your community bank, you can meet with real people who understand both the small business landscape and your local community. At BNC National Bank, our team of dedicated bankers prioritizes growing relationships with our small business clients. That way, we can give you the tailored advice and precise solutions for that your business deserves.

5. Your Community Bank Is Invested in You and Your Community!

Your community bank has a vested interest in making sure your local economy is healthy. So do you! 

Together, you and your community bankers can work to strengthen your local economy, create jobs at local businesses, and grow your own business so you and your operations can thrive.

Ready to Grow Your Business with the Support of Your Community Bank?

Scaling your small business can take time and effort. That’s why you should feel like you can rely on the resources in your neighborhood to make growing your business as simple—and successful—as possible.

BNC National Bank is ready to help.

Interested in exploring what we can do for you? We’re delighted to chat with you at your convenience, so reach out with any questions you may have. In the meantime, check out this free resource we put together for business owners like you: Questions to Ask to Determine the Best Bank for Your Business.

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