SMALL BANKS ARE 80% OF ALL BANKS

SMALL BANKS ARE 80% OF ALL BANKS; 65% OF SMALL BANKS REQUIRE A BUSINESS PLAN FOR YOUR BUSINESS LOAN. According to the Office of the Comptroller and Currency, U.S. OCC, 80% of all FDIC-insured banks are small banks. Small Banks are defined as having up to Ten Billion dollars ($10 Billion) in assets. Small Banks are a viable source for your business loan. Up to sixty-five percent (65%) of small banks require a business plan as part of your business loan application.
 
Consider applying for a business loan at a smaller bank if you’d prefer

• Thoughtful consideration of your new business idea
• A closer relationship with your banker
• Longer bank loan decision time
• A more engaging business loan experience
• A business loan decision based on your idea and not just your FICO

 
 Research conducted by McDaniel Consulting GBSFE, a Dallas-based strategic business writing firm formed in year 2001, there are 4,300+ banks throughout the U.S. Founder, Syreeta V. McDaniel, MBA notes, “That’s the most banks throughout anywhere in the world.”
 
Her findings were based on the study, “What Country Has the Most Banks?” provided by the Helgi Library in Prague Czech Republic. The link is here NPR, National Public Radio, substantiates these assertions in its report, “The U.S. Has More Banks than Anywhere on Earth,” The link is here
 
Aside from having the most banks, the U.S. has the most credit unions, 5,000+, in the world. The World Council of Credit Unions, WOCCU, counts 80,000+ credit unions across 120 nations. U.S. credit union members have the same $250,000 cash deposit protection as bank depositors do.
 
For more stats on banks and which business owners actually received business loans attend one of our Info Events or simply join our list. Also, keep your eye out for our 800-hour, 400-page unabridged version of, “How to Really Get Funding for Your Small Business: Solutions for Micropreneurs.” #HTRGF
 
About the Author
Syreeta V. McDaniel, MBA has 75,000 hours of providing business consulting to businesses throughout the U.S. and 15+ countries. She is best known for Strategic Business Plan Writing, Government Contracts, and International Business Consulting. Just prior to forming her firm, she was Sr. International Tax and Compensation Consultant with Ernst & Young, LLP.

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