If you’re like most small business owners, then the only time you think about your bank is when you need a line of credit or another type of loan. But did you know a bank, and more specifically a business banker, can help with much more than that?
In fact, working closely with a local community bank, like Fidelity Bank, can help streamline and grow your business. Involving your banker in your business can give you an influential advocate, ally, and representative in your community and beyond.
Don’t wait until you need a line of credit or another type of loan to contact your banker. Read on to learn five ways a Fidelity Bank Business Banker can help improve your business now.
1. Manage Cash flow
Most small business owners wait until they have a cash flow problem to contact a local banker. While small business community banks can help with loans, there is a better way to manage seasonal or irregular cash flow and it starts with a free business review from a local banker you can trust.
Why choose Fidelity Bank? Our local bankers are an ally in helping you reach your goals. Our team will examine your accounts, payments, interest rates, and more to help you manage cash flow so your business can succeed.
Interested in learning more? See what our customers have to say by clicking here.
2. Streamline Payments
Customers today expect a variety of payment methods including the ability to use contactless cards, mobile pay, and more. Your local banker can help you implement the latest technology to impress customers and streamline payments.
At Fidelity Bank, we are proud to offer competitive pricing and no required contract term length for our merchant services. In addition, we offer a variety of cash management services to help improve cash flow, maximize profit, reduce costs, and give you more control over your everyday banking functions.
3. Protect Your Accounts With Fraud Protection
A recent study shows that small businesses were three times more likely to fall victim to fraudsters than larger companies. What’s worse is the average cost to recover from a single cyberattack is just under $200,000. For many small businesses, that loss can be hard to recover from.
If you haven’t already, now’s the time to talk to your local banker about fraud protection tools that will keep your accounts (and business) safe.
At Fidelity Bank, we are proud to offer a variety of tools to business owners and create a comprehensive protection plan including our Positive Pay, ACH Filter, and ACH Block services. Learn more about each by clicking here.
4. Align Business & Tax Goals
As a small business owner, you may be managing your cash flow to pay the least amount of taxes each year. This could prevent you from getting the loan you need to expand or grow. Working with a banker and tax advisor to align your tax and business goals is key to financial preparedness and the growth of your business long term.
5. Your Banker Is A Knowledgeable Advisor
One of the biggest benefits of working with a local banker is having access to an expert who can help you navigate changing times, economic forces, and recommend banking solutions to meet your business needs. This can help you avoid hazards and benefit from opportunities that you might not have known about. Meeting with your banker at least once a year to review and discuss your goals should be a priority for businesses of any size!
Looking For A Local Banker You Can Trust?
We are proud to be a local community bank that truly cares about our community. But why should you choose Fidelity Bank over a larger financial institution? Because we offer one thing they don’t—a passion for providing the highest level of customer service in whatever we do.