Small Business Banking Comes with Perks for Business Owners
03/20/2023
Large commercial banks often offer low-interest rates and hefty loan amounts. However, commercial banking institutions have been historically reluctant to approve small business loans. In a booming economy, a commercial bank may approve just under 30% of small business loan requests. And in a recession or downturned market, the percentage of small business loans approved by commercial banks plummets. However, a local small business bank, like TriStar Bank, can see past the immediate market outlook and into their own community's needs and forecasted growth. Additionally, as a community bank, TriStar Bank is positioned well to support small business owners with in-person service that prioritizes customer care and offers services designed specifically for entrepreneurs and business owners.
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