Want to make a banker happy? That sounds like the beginning of a great joke, doesn't it? The truth is that what might sound like a joke is what keeps banks in business. Unlike most businesses, banks don't just start with someone who decides that a particular corner of the community could use a bank. Instead, as almost everyone knows, banks are highly and tightly regulated, not to only make money for their depositors and investors only, but for the communities they serve.
Look at the charter of any bank you might choose. You will find a section that pertains to service to the community. This comes in many forms. Among these are supporting organizations and businesses that already exist. It also means reinvesting in businesses and individuals in the community, those that exist as well as those that have yet to exist.
How Can I Get a Grant for a Small Business?
All of this leads to the obvious question, "How can I get a grant for a small business?" Despite what you might think, this question always makes a banker happy, simply because that's what he is in business for. Unfortunately, getting a loan from a bank in order to establish a small business isn't always so obvious. For example, let's say you have a great business idea based on a winning concept. Most people think that's a sure bet to get a loan. The truth is, it's not. Instead, banks want to lend their money to people who they think stand the best chance of paying them back. It's that easy.
What Banks Give Small Business Loans?
At Elkhart Business Loan we take great pride in the fact that we make small business loans. We do it not only because it's our job, but unlike other banks we believe in helping small business owners make their dreams come true. To us, you are more than a business statistic, you are a reason we are in business.