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Sunday, July 14, 2024

Fiscally Responsible — Banking on the ‘Cliff’


The people have spoken and President Barack Obama has retained the position as leader of the free world.


Needless to say, there is a lot of uncertainty on how any solution will affect small businesses.

During this transitional time, it is crucial for small businesses to have a strong relationship with their community bank. Community banks have a vested interest in the success of small businesses within their community. Therefore, your bank needs be proactive in helping small business clients plan for the future rather than simply review and comment on past historical financial data. A banker should be a trusted advisor on all facets of a business; not only on finance but also on internal processes and external impacts of changes in the macroeconomic and political landscapes.

Remember, banking should not be a series of transactions, but rather a relationship with professional perspective that aids your business success even in uncertain times.

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John Koranda
John Korandahttp://www.banknaperville.com
John Koranda is a commercial banker at Naperville Bank & Trust and can be contacted at (630) 456-7860 or jkoranda@banknaperville.com.