According to the latest figures, there are 1.1 million small business employees in Tennessee, which account for 42.4% of the state’s workforce. And since 99.5% of businesses in Tennessee are classified as a ‘small business,’ it’s important that these business owners know the benefits of choosing a community bank.

 

The first is the level of service customers receive. When you call a community bank, you’re speaking to people you’ve most likely already met. They  know you, your business, and your goals. It’s a relationship that community banks take pride in building, not a name tied to an account number. You won’t have to make five calls before finally getting to the right person, and you get the answers you need when you need them.

 

From a financial perspective, most community banks offer much lower administrative fees than their large institution counterparts. Community banks understand that every dollar is important for small businesses in times of economic uncertainty. In addition, they are knowledgeable on many aspects of the local community (buying habits, consumer behaviors, popular locations, etc.). Having a partner with this knowledge is invaluable to a small business owner.

 

It’s simple — large national banks aren’t as well-equipped, agile, or flexible as community banks in supporting small businesses. And they are not as invested in the local community as community banks are.

 

To learn more about how community banks directly support local small businesses, see us here at Lineage Bank. We’re the only community bank headquartered in Williamson County, and we’d be honored to put our local expertise to work for you!