Small businesses and small banks: a match made in heaven

May 1, 2014 | Business, Healthcare

Do you need a loan for your small business? You’ve come to the right place.
In fact, the U.S. Small Business Administration’s No. 1 tip for finding a “small-business friendly bank” is to explore community banking options — and for good reason.
Accounting for just 14 percent of the country’s total banking assets, community banks are responsible for a whopping 46 percent of all small business and farm loans, the FDIC reports.
SBA doesn’t lend to you directly; it provides a guarantee to banks and lenders like us. Then we lend the money to your business. And our bankers are well-versed in SBA loan products, thanks to years of valuable experience with programs offering (in part): up to 25-year terms, low interest rates and fully amortized loans.
In fact, our team was named the 2010 SBA Lender of the Year in Nebraska.
Core Bank’s experience with SBA programs is accompanied by access to a number of other, short- or long-term solutions to help you reach your goals, including: term loans, business mortgages, letters of credit and revolving lines of credit.
The SBA in its tips for finding a small business-friendly bank urges you to get to know the financial institution’s values. Find out who the “decision-makers” are, it notes, and identify how many people you’ll deal with on a regular basis.
At Core Bank, we want to be a trusted partner for years to come, through the ups-and-downs and many generations of leadership. As such, we won’t stick you with a dizzying array of team members. Nor will we have you grapple with layers of bureaucracy. You’ll see the same faces. You’ll get to know the same professionals who match and tailor products to you and your business at every stage. When you request credit, know you’re dealing with people who live in your community, if not neighborhoods.
Our lending team is committed to your success.
Community banks like Core Bank are better able to embrace local businesses and grant small business loans because our decision makers are a part of the community that we serve. Community banking is the backbone of a local economy. Community bankers develop relationships with the businesses they serve and truly understand the visions and needs of the business owner.
The ICBA (Independent Community Bankers of America) characterizes such tailored, creative and relationship-based approaches as the “sharpest arrow in many community banks’ quivers.” We think that pretty much sums it up. We want to grow alongside your business, and realize that doing so requires more than simply grabbing the one-size-fits-all solution off the shelf.
How can we help your business? Let us know. Call 402.333.9100.