Keeping Your Business Running Smoothly

Wednesday, March 1, 2017

~ le Keeping Your Business Running Smthly (NAPSA)—According to the latest statistics from the U.S. Small Business Administration, 80 percent of the 28.8 million U.S. small businesses have no employees, placing a heavy burden on the business owner when it comes to juggling every detail of running a company. From IT issues to customer ser- vice and even facilities management, a small-business owner mustbe a jack-ofall-trades. Fortunately, some banksare recognizing the need for morespecialized support for small-business owners and are carving out a niche to better serve them. Here are three ways small-business owners can get more from their banking partner: Relationships Matter Banks that specialize in serving small-business clients understand the financial pressures they face and will assign a relationship manager with expertise to help them endurethe challengesof today’s competitive market. Relationship managers can be a small-business owner’s best resource when it comes to managingfinances; they can anticipate needs, troublesht, and provide a wide array of products and solutionsto help clients achieve their goals. Small-business owners who take the timeto get to know their relationship managers can find them to be valuable and trusted partners. Moneyto Grow With Whether a business owner needs to acquire upgraded equipment, finance expansion plans or smth out cash flow, a well-capitalized bank with decision makers at the local level can provide quick access to loans, lines of credit, letters of credit and much more. A gdrelationship with the bank can give small businessesa big bst. Clients who already have established relationships with their bank may have an easier road to accessing the funds they need. Since documents don’t always tell the whole story, it helps to have someoneat the bank who understands the business and can speak on its behalf. Products and Services Tailored to Fit Banksthat offer a full suite of treasury managementproducts and services help business owners perform banking activities quickly and easily, leaving more time for growing the business. Treasury management professionals are madeavailable to consult with business owners to better understand their unique needs and implementsolutions to optimize cashflow, streamline receiv- ables and manage accounts. For example, “at BankUnited, we recognize that small-business owners’ needsare vastly different from individual consumers,” explained Gerry Litrento, senior executive vice president, retail and business banking. “Our teams of experienced professionals are prepared to help small businessesthrive in today’s competitive environment.”

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