Commercial Lending in Today’s Economy

Posted on July 18, 2011. Filed under: Ryan Johanek |

Today’s economy is like nothing we have seen before.  Unemployment is through the roof, there seems to be a foreclosed property on every block, and real estate values have dropped substantially. 

There are a lot of business owners saying that “banks are unwilling to lend them money” or “their bank is unwilling to work with them”.  It is true that commercial lending today is more challenging than it has been in the past due to the economic environment and increased regulations.  However, most banks are still looking to grow their loan portfolios and work with their existing business customers to help them get through the hard times.  This is especially true with community banks because of their knowledge of the local environment.  Decisions are made by people who are familiar with the business, the owner, and the area. 

Denmark State Bank is willing and excited to meet with business owners to see if we can provide a financial package that can help grow their business and make it more profitable.  

Member FDIC

Advertisements

Make a Comment

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: