If you had to be honest about the ability to find the bank that fits your needs as a small business owner, you likely would agree that it is hard to find. Business banking in Maryville that is geared toward helping small businesses succeed is a precious resource and can be difficult to find.
The Facts
The Small Business Administration recently released some pretty startling news about banking and the small business:
- 95% of all small business loans are denied by large corporate banking entities
- Only 10% of banks credit their revenue as coming from small businesses
- Small businesses account for over 10 billion dollars in fees to banks each year
The problem seems to be that most banks do not recognize the value of helping small locally owned businesses because most business banks do not have their headquarters nearby the communities they serve. This fact can cause a disconnect between the bank and the people that it serves. As a matter of fact, most people would say that they do not feel like the bank serves them but more like they serve the bank.
It’s Time for a Change: Community Banking
Within a Community Bank, the environment is far more relationship-driven. With that, the connections you build truly get to know you and your small business. Further, within a relationship-oriented scope, the community bank cares about your success and works with you to achieve those goals. If you are a small business owner and you are not getting the services that you need with business banking in Maryville it may be time to look at a bank that is set up to help you succeed. If you are not getting the support you need from your bank, seek out a community bank in Knoxville. Get the small business support you need from the bank that has a vested interest in the community.
