Are Large Banks Better to Work With?

Discussion in 'Growing and Managing a Business' started by williamjames732, Apr 4, 2013.

  1. williamjames732

    williamjames732
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    Hello,

    I have a small business and I want to grow my business more. So, I need some money for that But I am confused where to go. Like Large banks or small or local banks or some other other organizations.

    Waiting for your replies guys.

    Thanks
     
  2. 1paket.com

    1paket.com
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    What exactly do you want?
     
  3. StarBC

    StarBC
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    It depends on several factors. For example, if you and your business have good credit history and enough revenue (it varies from bank to bank) you have more chances to get a loan from a bank. Small banks are more flexible and sometimes give lower interest than large ones. Also you can try to apply to a loan from SBA, they have several programs & agreements with some banks.
     
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  4. Fergal

    Fergal
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    What state or country is your business based in?
     
  5. Rocky

    Rocky
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    If you need to get a loan then the best thing you should see if the interest you will charged and term for the loan. The one with the lowest interest should be your choice.
     
  6. scifi

    scifi
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    Its better if you are satisfied with your bank, don't change it....If you want something extra as a service which can not be tackle by your small bank and it is vital for your growth, then only you should think of changing your bank....

    Unless untill you are getting all the services, bank change large or small doesn't matter .........
     
  7. williamjames732

    williamjames732
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    Thanks for your advices guys!!
     
  8. surge

    surge
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    Each bank has its own benefits for the customers, so i guess it depends on how much you are currently earning, what is your recurring income and whether you do business internationally, nationally or locally. Larger banks will provide you personalized services or services better than other smaller banks.
     
  9. williamjames732

    williamjames732
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    One more question : Are banks providing start-up business loans..?
     
  10. scifi

    scifi
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    Yeah...but you should have some equity capital of your own too....then it will be easy to apply for loan and get it approved from banks..
     
  11. williamjames732

    williamjames732
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    How much capital or the amount of money I will get as a business start up owner....?
     
  12. policybazaar9

    policybazaar9
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  13. williamjames732

    williamjames732
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    What about credit score ..? How much credit score is enough to get easily small business loans..?
     

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