Wednesday, August 23rd 2017

Business Banking

There are an estimated 30 million small businesses in the United States alone, with 1 million new ones springing up each year. Small businesses alone employ 50% of the nations work force (excluding government workers). With such a broad customer base, banks are catering more and more to small business owners and their varying needs. Many are stepping outside of the traditional roll of simply presenting finance options and are offering an enticing array of services for small businesses. From start ups to well established businesses, banks are doing their best to gain and keep new small business customers.

Many banks offer a variety of services to help small business owners, from standard business checking accounts to various financing options. Local retail banks are especially adept at financing arrangements for small businesses as they are familiar with the area surrounding the business. Banks can offer flexible lines of credit ranging from a few thousand dollars into the millions of dollars. They can also provide insurance options for small business owners and it's employees. Some banks are even offering marketing help and advice for their small business customers. In addition, various convenience features are offered including electronic payment of taxes and invoicing.


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