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Starting a small business in today's environment can be frustrating and time consuming. Even if you think you have it all figured out, there is always something new that you will come across that will put you back in a bind.
Finding the right bank today is like finding an attorney or a doctor in the yellow pages. You really don't know what you are getting. You just simply have to investigate and make sure that the bank you choose is right for you. What are some tips to choose the perfect small business start up loan for your business? 1. Meet with the bankerIt is a good idea to meet with your banker. So that you can get a feel for the bank and the person you are working with at the bank. 2. Make sure loan decisions are underwritten locallySo that you can have a personal relationship with the lender. If you will need to obtain a loan in the future, you already have a relationship with the underwriter. 3. Make sure the bank deals with small business ownersThese banks will be better at dealing with small businesses. 4. Make sure the bank understands your industryWhen bankers don't understand how an industry operates, they don't understand how they'll be repaid. Banks that understand will be better fit to work with. 5. Make sure the bank is small enoughThis is so that it will be easy to ask questions and get answers from the bankers.
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Alabama 1. Community Bank 205-429-1000 1. Peoples Community Bank 334-696-4431 |
Montana 1. First State Bank 406-827-3565 www.fsbtf.com 2. First Citizens Bank of Butte 406-494-4400 |
Alaska 1. National Bank Of Alaska 907-267-5700 www.nationalbankofalaska.com 2. First Bank 907-228-4218 |
Nebraska 1. Dakota County State Bank 402-494-4215 www.dcsb.com 1. Valley Bank & Trust 308-632-7500 |
Arizona 1. Community Bank of Arizona 520-684-7884 2. County Bank 520-771-8100 |
Nevada 1. Bankwest Of Nevada 702-248-4200 1. First National Bank 775-289-4441 |
Arkansas 1. First State Bank 501-272-4221 www.fsbmybank.com 2. Bank of Yellville 870-449-4231 www.bankofyellville.com |
New Hampshire 1. Bank of New Hampshire 603-624-6600 www.banknh.com 2. First Colebrook Bank 603-237-5551 |
California 1. California Center Bank 213-386-2222 www.calcenterbank.com 2. EL Dorado Bank 949-830-7440 www.eldoradobank.com |
New Jersey 1. Hudson United Bank 856-451-2222 www.hudsonunitedbank.com 2. Minotola National Bank 856-696-8100 www.minotola.com |
Colorado 1. First Community Industrial Bank 303-399-3400 2. Bank of Grand Junction 970-241-9000 |
New Mexico 1. Valley National Bank 505-753-2136 2. Community First Bank 505-527-6200 |
Connecticut 1. Webster Bank 806-571-7200 2. North American Bank & Trust 203-377-0732 www.northamericanbank.com |
New York 1. Wyoming County Bank 716-786-3131 www.wycobank.com 2. 1st National Bank Of Scotia 518-370-7200 www.firstscotia.com |
Delaware 1. Citibank Delaware 302-323-3900 www.citicorp.com 2. Bank of Delmarva NA 302-629-2700 www.bankofdelmarva.com |
North Carolina 1. East Carolina Bank 252-925-9461 1. Four Oaks Bank & Trust Company 919-963-2177 |
District of Columbia 1. National Capital Bank of Washington 202-546-8000 2. First Liberty National Bank 202-331-7031 |
North Dakota 1. Kirkwood Bank & Trust Co. 701-258-6550 2. First Western Bank & Trust Co. 701-852-3711 |
Florida 1. Farmers & Merchants Bank 850-997-2591 www.fmbbank.com 1. Fidelity Bank of Florida 321-452-001 |
Ohio 1. Community First Bank & Trust Co. 419-394-3366 1. First National Bank of Shelby 419-342-4010 |
Georgia 1. Bank of Gray 912-986-3157 1. First State Bank 770-474-7293 |
Oklahoma 1. First Bank & Trust Co. 918-485-2173 2. First National Bank & Trust Co. 580-332-5132 |
Hawaii 1. Hawaii National Rank 805-528-7755 2. City Bank 808-546-3909 www.citybankhi.com |
Oregon 1. Security Bank 541-267-5356 2. Bank of Salem 503-585-5290 |
Idaho 1. D.L. Evans Bank 205-678-9076 www.dlevans.com 2. Panhandle State Rank 208-263-0505 www.panhandlebank.com |
Pennsylvania 1. Pioneer American Bank 570-342-8135 www.pioneeramerican.com 2. First Nation Bank of Leesport 610-926-2161 |
Illinois 1. Rank of Edwardsville 618-656-0057 www.4thebank.com |
Rhode Island 1. Washing Trust Co. 401-351-6240 www.washtrust.com 2. Fleet Bank 401-278-6000 www.fleet.com |
Indiana 1. First Community Bank & Trust Co. 317-422-5171 1. First State Bank 812-443-4481 |
South Carolina 1. Bank of Travelers Rest 864-834-9031 1. Bank of York 803-684-2265 www.bankofyork.com |
Iowa 1. Farmers Saving Bank 319-656-2265 1. Security Bank 319-382-9661 |
South Dakota 1. Farmers State Bank 605-648-3683 www.farmersstatebanksd.com 2. Merchants State Bank 605-925-4222 |
Kansas 1. First National Bank of Conway Springs 316-456-2255 1. Rose Hill State Bank 316-776-2131 |
Tennessee 1. First community Bank of East Tennessee 423-272-5800 2. First State Bank 901-475-5000 |
Kentucky 1. Bank of Mt. Vernon 606-256-5141 www.bankmv.com 1. Commonwealth Bank & Trust Co. 502-244-7700 www.cbandt.com |
Texas 1. First Bank of Conroe NA 409-760-1888 www.fboc.com 1. First commercial Bank 830-379-8390 www.1cb.com |
Louisiana 1. First Republic Bank 318-728-4423 www.firstrepbank.com 2. Community Trust Bank 318-768-2531 www.ctb-bank.com |
Utah 1. GE Capital Financial 801-517-5000 www.ge.com 1. Wright Express Financial Services Corp. 801-270-8166 www.wrightexpress.com |
Maine 1. United Bank 207-942-5263 www.unitedkingfield.com 2. Union Trust Co. 207-667-2504 www.uniontrust.com |
Vermont 1. Union Bank 802-888-6600 www.unionbankvt.com |
Maryland 1. Maryland Permanent Bank & & Trust Co. 410-356-4411 2. My Bank/First United 301-334-3741 www.mybankfirstunited.com |
Virginia 1. Chesapeake Bank 804-435-1181 www.chesbank.com 1. F & M bank-Massanutten 540-434-6761 www.fm-mass.com |
Massachusetts 1. Enterprise Bank & Trust Co. 978-459-9000 www.ebtc.com 2. Bank of Western Massachusetts 413-781-2265 www.bankwmass.com |
Washington 1. Security state Bank 360-736-2861 www.ssbwa.com 2. Bank of Whitman 509-397-4629 www.bankofwhitman.com |
Michigan 1. First State Bank of east Detroit 810-775-5000 www.thefsb.com 2. First Community bank 213-526-2114 www.firstcb.com |
West Virginia 1. Traders Bank 304-927-3340 2. Calhoun Banks 304-354-6116 www.calhounbank.com |
Minnesota 1. Citizen State Bank 507-375-3201 2. United Community Bank 218-346-5700 |
Wisconsin 1. F & M Bank Winnebago County 920-766-1717 www.fmbanks.com 2. F & M Banks Waushara County 920-787-3351 |
Mississippi 1. First State Bank 601-735-1752 |
Wyoming 1. First State Bank of Wheatland 307-322-5222 2. First National Bank of Buffalo 307-684-2555 www.fnb-buffalo.com |
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