Unlike large banks, these community banks are intimately connected with the communities in which they operate.
San Francisco, CA (PRWEB) April 19, 2013
Small businesses are being encouraged to bank locally with their community banks as part of the Independent Community Bankers of America (ICBA) Community Banking Month. The Lending Circle, a division of Sunovis Financial, supports the 5,000 community bank members of the ICBA through its innovative approach to matching small business owners with lenders.
“Local community banking helps small businesses by adding financial stability to the communities they serve. ICBA is using April as Community Banking Month to help educate small business owners about the benefits of local lending and banking, and we support this effort whole heartedly,” said Terry Robinson, President of The Lending Circle.
Though community banks represent less than 10 percent of all banking assets, they comprise 96.8 percent of all banks and are integrally responsible for energizing local economies, creating jobs within those communities and driving growth. The ICBAs over 5,000 members represent more than 24,000 locations across America and employ nearly 300,000 people. With $1.1 trillion in deposits and $800 billion in loans to small business and consumers in the communities they serve, these community banks are supporting local economies in a vast number of ways.
“Community banks do far more for small business and local communities than their asset sizes might indicate. They work on a relationship lending model, much the same as The Lending Circle, that sees them thrive when their customers thrive. Unlike large banks, these community banks are intimately connected with the communities in which they operate,” said Mr. Robinson.
The Lending Circle and Sunovis Financial works with banks across the nation and is adept at assisting small businesses find a lender they can work with successfully. You can find out more about how they can help community banks here.
Those interested in Community Banking Month, can follow the conversation on Twitter through the hashtag #golocal.