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More For Your Money | Adams Bank & Trust Newsletter | 4th Quarter 2022
OUR SMALL BUSINESS BANKING GROUP IS HERE TO HELP
by STEVE KRAUSE president
No one ever said that small business ownership is easy. The challenges are very real, especially in the current environment.
With inflated input costs, ongoing supply chain interruptions, labor shortages, and other uncertainties in the mix, businesses will continue to have their hands full in 2023.
That’s why it’s so important to be able to leverage every available opportunity. And make no mistake, there are still many opportunities to grow and improve your business.
In order to offer the best support for our small business customers, we’ve created an in-house team that is dedicated to your needs.
Our Small Business Banking Group specializes in the underwriting and administration of smaller commercial loans as well as facilitating Small Business Administration (SBA) loans.
Because of our bankers’ expertise and familiarity with the complex SBA process, we can cut through a lot of the red tape, making it a better experience for you.
In addition, you’ll have access to our small business team for analysis and brainstorming. We have a relationship with you and familiarity with your operation and needs.
There are many ways to pursue financing for your small business, but will you have that relationship with people who know you? Where will an online lender be when you have a problem or just want to bounce ideas? At Adams Bank & Trust, we’ll be right here. Here’s to your success in 2023.
DREW JOHNSON vp - commercial banking
Small business lending is a niche that Adams Bank & Trust occupies well. Drew Johnson says, “It really comes down to knowing our customer. Because of that familiarity, we can provide expedited service when you’re ready to grow or diversify your business.”
The Small Business Banking Group can initiate financing for everything from equipment upgrades, vehicle purchases, and lines of credit to start-up expenses for new businesses.
Offering this type of specialized small business lending approach is fairly rare for a community bank, Johnson says. “We’re able to offer the best of both worlds our generalist lenders can quickly direct business loans of $100,000 and under to a team that can turn them around very efficiently.”
Some small business loans are completed in-house at Adams Bank & Trust; SBA loans are used for others. Depending on the scope of their needs, some customers will end up with a combination of both kinds of financing.
Johnson says they take a consultative approach in each situation. “If you tell us what you’re trying to do, we can narrow it down to your best options. If the SBA is the right avenue, we can help you navigate the available programs.
This is our area of expertise, and we’ve really streamlined the process.”
Johnson agrees that, despite the current challenges, there are many opportunities for small business owners who want to grow. “We’re fortunate in the markets the bank serves. The local economies are strong and there are a lot of positive metrics. Anyone who is looking to start or expand a business or refinance existing debt is a great candidate for a small business loan or SBA financing through Adams Bank & Trust.”
To explore options, stop in at your branch or scan the QR code on page 4 of this issue to go to the Financing Initiation Request form at abtbank.com. Just answer a few quick questions to help us understand what you’re looking for, and someone from the Small Business Banking Group will reach out promptly.
