How is your relationship with your banker? Do you have a true rapport? Or do you only call your banker when you need something?
Business experts agree it is important to build and maintain a close, long-term relationship with your banker especially if you own your own business or are an entrepreneur. The more comfortable you are sitting across the table from your local banker, the more support you will find when creative solutions are needed to help you meet your financial goals.
When choosing a bank for your business, look for a banker who has decision-making authority. This enables the banker to personally assist you with the loan, and provide a quicker response time for your loan approval. The better your relationship with the decision-makers at the bank, the greater the chances your loan will be approved.