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If there won't be extensive travel involved, I'd definitely look into a non-national, or maybe sparsely-national bank or credit union. Small businesses can often benefit from a relationship with a local banker/bank manager. When you deal with a local bank, you're able to get more of their attention and you're not just another face in the crowd. They have more incentive to keep you happy because your money represents a much larger percentage of their business (remember to think of banks as a business) than it would be amongst a national bank's sea of customers.
As an aside: look into the new credit laws if you will be getting a credit card for this business. Much of the protection offered by the new laws specifically exclude small businesses and it's absolutely viable (and some recommend) avoiding a business credit card and obtaining a personal card that you will devote exclusively to your business needs.
As an aside: look into the new credit laws if you will be getting a credit card for this business. Much of the protection offered by the new laws specifically exclude small businesses and it's absolutely viable (and some recommend) avoiding a business credit card and obtaining a personal card that you will devote exclusively to your business needs.
source(s):
Personal experience and clarkhoward.com
Personal experience and clarkhoward.com
Voted as best: williamwaco
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