What Can a Business Banker Do For You

What can your Business Banker do for you? In addition to providing funding, they can provide expertise to ensure your business is successful. A business banker can even provide a network to grow your sales and maximize your business efficiency.
By: SRS Tech PR
 
 
Ben Price is First Vice President for Regents Bank, Business Banking Specialist
Ben Price is First Vice President for Regents Bank, Business Banking Specialist
May 24, 2010 - PRLog -- What can your Business Banker do for you?


According to Ben Price, First Vice President for Regents Bank, Business Banking Specialist, "It can be a lot more than just giving you a business loan."

Sound business practice states that you need a good Attorney, CPA and Banker. The right Attorney and CPA are obvious, but what does the Banker add to the mix, and how do you select the right Banker?

Like an Attorney & CPA, Business Bankers want their clients to be successful.  But unlike attorneys and CPAs, for banks this typically means helping out financially through lending. While Attorney's watch out to make sure you don't cross the line, and CPA’s are tax driven, banks are more profit driven.

A good banker cares about your business and is willing to help you become profitable. In many ways, a business banker is your business partner.

And unlike your CPA or attorney, a Business Banker NEEDS you to be successful and profitable. They have "skin in your game"




1.    A Good Business Banker Can Be an Advisor & Consultative Partner
Business bankers see a lot of different types of companies and industries, and over the years, in good times and bad, have learned what makes them successful. They have learned what works - and what does not.

As a result, an experienced Business Banker is in a good position to discuss industry trends and marketing ideas before they affect your business or personal financials. A good banker is proactive - they can work with you to develop ideas for products, services and business processes that might boost your bottom line.

Every day, Business Bankers analyze and review a diverse spectrum of  company financials - from start-ups to well-established businesses and profitable ventures. Although banks analyze historical financial information, they are really trying to determine your potential financial strength. How is your business going to perform next quarter, next year, over the next five years?

Today’s economic environment is dynamic and always changing, an experienced Business Banker can offer insight into shifts in financial focus of your balance sheet. Several of the financial ratios that Business Bankers like to look at include Current Ratio, Debt-to-Tangible Net Worth Ratio, A/R &A/P turn days, and Fixed Charge Coverage Ratio.  



2.   Bankers can be a great source of new business for you.

Your business banker can be a network source for you to help develop new customers, vendors and suppliers.

For example, Regent's Bank recently introduced a business acquaintance/friend to one of their customers, a growing trade contractor here in San Diego. They hired him as a consultant and their backlog of new projects grew from approximately $1 Million to over $10 Million. Most of their new contracts are now coming from this bank customer's connections. It is a win-win situation for both businesses as well as for the bank. Several examples of business professionals include Attorneys, CPA’s, bookkeepers, consultants, bank clients, marketing firms, professional organizations, etc.

Your relationship with a business banker is more than just getting a loan. A good business banker works with you to help you get established and to make sure your business is successful, providing tips and business guidance. And once you are up and running, they can even help build your overall business sales and volume through their network of potential partners.

Remember, you have to bank with someone.

You might as well partner up with the Banker who is most likely to understand your business, and possibly bring you new clients and contacts. This alone can have a positive impact on your ROI.



About Ben Price

Ben Price is First Vice President for Regents Bank and specializes in Business Banking in San Diego, California. Founded in 2001, Regents Bank is a locally owned and managed community bank offering a wide range of financial services to its clients. The Bank specializes in serving small to mid-sized businesses. The Bank offers a full line of commercial business loans, SBA 504 real estate loans, an array of depository products, corporate cash management and private banking services.

Regents Bank prides itself on employee retention, and not a revolving door of new employees. This says a lot in today’s changing banking environment. We work as a team with our clients and get to know you and your business well over time. This helps you with cash management strategies, loan structure, and day-to-day operations.

You can contact Ben Price directly at 619-446-5595 or 760-822-2750  cell. Bprice@regentsbank.com  www.regentsbank.com

# # #

About Ben Price

Ben Price is First Vice President for Regents Bank and specializes in Business Banking in San Diego, California. Founded in 2001, Regents Bank is a locally owned and managed community bank offering a wide range of financial services to its clients. The Bank specializes in serving small to mid-sized businesses. The Bank offers a full line of commercial business loans, SBA 504 real estate loans, an array of depository products, corporate cash management and private banking services.

Regents Bank prides itself on employee retention, and not a revolving door of new employees. This says a lot in today’s changing banking environment. We work as a team with our clients and get to know you and your business well over time. This helps you with cash management strategies, loan structure, and day-to-day operations.

You can contact Ben Price directly at 619-446-5595 or 760-822-2750 cell. Bprice@regentsbank.com www.regentsbank.com
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