When owning a small business, you need a bank but…are all banks the same? Dr. Joe Bergquist of Harleysville Bank says no. Dr. Berqguist joins us today to share some experience and advice when it comes to small business banking.

Choosing your bank
When choosing your bank, understand what your needs are as a business and what a bank can provide you. Not all banks offer the same options. Big Bank Corporations can oftentimes offer cheaper rates but lack when it comes to customer service or relationships. Small banks can be great for seeing the big picture and being available for you, but you might be worried you’ll outgrow them. When you’re shopping for a bank for your small business, ask around in the community or your chamber of commerce, good banks will have good reputations and no shortage of recommendations.

Building a relationship
Do not think lightly about a relationship with your banker. Dr. Bergquit shares a story about PPP loans that will make you think twice about your bank and your relationship. Building a quality relationship in which your banker knows and understands your business and you as a business owner can be the difference between securing a loan or not!

Dr. Joe Bergquist has some great advice in today’s episode and I am sure we will be hearing from him again. Don’t forget to check out our online quiz at Modern CPA Online, to find out if YOU are ready for tax time!

What’s Inside: 

• Why is choosing the right bank so important?
• Are all banks the same?
• The difference a relationship can make in banking.

Mentioned In This Episode:
Free Online Masterclass 3 Big Financial Mistakes New Business Owners Make
Take This FREE 60 Second Quiz To Find Out “If Your Business Is Ready For Tax Time?”
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