Don’t bank on it – Manufacturers shop for a better banking experience

Description

Abstract: In the wake of recent economic uncertainty, many manufacturers are exploring their banking options. Larger institutions are known for offering lower interest rates and more capital. But recent mergers have given smaller, community banks ties to larger institutions and therefore access to more funding and services, while still offering more one-on-one interaction with loan officers. This article explains that the right bank will understand the manufacturing industry and be able to suggest useful services. A sidebar shows how the 2010 financial reform will affect banks and their relationships with their manufacturing clients.