Working with a community bank has its clear advantages. A genuine community bank is headquartered in the community, and cannot be duplicated by a bank that that has managers in charge of a territory including your community.

Communities are about relationships, and your community banker has the inherent tools to foster an ongoing productive business relationship. Discover the advantages of working with a genuine community bank—they’re beneficial to both individuals and businesses.

Historical Reference of Community Banks

A Community Bank with a long history like Chelsea State Bank can often apply a longer term practical perspective to decision making. For example, the bank has witnessed local businesses in action over several business cycles and therefore doesn’t panic at every downturn in the business cycle or an individual businesses cycle.

Flexibility of Community Banks

Community banks are not handcuffed by out of state dictums that industry A or B doesn’t fit our target market. A good community bank evaluates each loan inquiry regardless of industry. For example, Chelsea State Bank continued to make investment real estate loans throughout the recession of 2008 when many banks cut off the entire state of Michigan.

Autonomy of Community Banks

At a community bank, you will be working directly with decision makers. Loan decisions are made locally which means faster and better decisions, and without biases of non-local decision makers. If you and your community banker work together, somewhat fringe factors, such as a disputed medical bill, won’t automatically disqualify a loan approval.

Continuity of Community Banks

A business banker truly manages all aspects of the relationship at a community bank. Less specialization and silos are involved. If your business hits a snag that affects your loan, you won’t be assigned to an out-of-state specialist. The same banker you have come to know, works with you to find a solution.

Market Knowledge Advantage of Community Banks

Your community bank is headquartered in your marketplace and therefore is intimately familiar with your market’s challenges and opportunities. Community banks understand how a loan can be beneficial to your business plan because they are aware of the needs in the community.

When you need a loan for your business, consider reaching out to a community bank. The advantages of working with a community bank are obvious—the customer service, knowledge of the area, and willingness to be flexible to your needs is unbeatable.