Financing Startups and Dealing with Banksby FDIC
When financing a startup, shop around for good deals and good service for small businesses. Ask about loans as well as deposit accounts and other services for small businesses. Some banks may specialize in serving companies like yours. Develop a good working relationship with a banker who can help you save money. Look for someone who seems genuinely interested in your business and the market you serve. "The more the banker understands your company and its needs, the more likely he or she can help you with everything from financing and getting the best interest rate to referrals, "Luke Reynolds, an FDIC Community Affairs Specialist.