A good banker will want to know their customer and understand the business they are running. For the business owner, this should start before you need the loan. Get to know your banker. Invite your banker to your business to see how it runs and why it runs the way it does. Then, when you need a loan, your banker will have a better understanding of your business.
Banks offer financial services that cover a very broad base.
Ms. Chapman suggests having your loan officer or banker review your financials and show you ways to better manage your purchases and money. Your banker, like a financial planner, can help you see better ways of purchasing equipment, paying your employees, managing your accounts receivable and planning for growth. E lements of Success is a weekly newspaper column written by David Wing. Retail Advisors . Report site problems, or contact us by clicking here .