August, 2016

Community Banks Flex Commercial Lending Muscle | The First National Bank Blog

August 17th, 2016
Community Banks Flex Commercial Lending Muscle | The First National Bank Blog image

When your small business needs a new vehicle, a larger space or upgraded equipment, you might be tempted to turn to a mega-bank for your commercial lending needs. But did you know that more than half of small business loans originate from community banks? That’s even more impressive when you consider the fact that community banks hold only about 20 percent of the financial industry’s assets. Why Borrow from a Community Bank? The most obvious reason is that a smaller, independent bank is heavily invested in the local community. They’re helping to build a strong local economy by keeping funds [ read more ]