I`ve taken a few workshops on small business financing and I kept hearing that bankers tend to look first at whether you are a customer at their bank when making decisions about small business loans. Is this really true or is this something that the loan officers are telling us at these presentations to increase the small business banking at their branch?
It`s time to set up our business checking account and we`re trying to decide which bank to go with. With the above rule of thumb in mind one would set up their business banking where they hope to get their SBA loans, right? We figure we`d choose a bank that`s a top lender of SBA loans in our area to increase our chances, since these banks would seem to be pretty active in granting small business loans.
According a July issue of Crain’s