Most small businesses begin as an idea; from there, they grow to include employees, a building—and expenses. Even if you took an accounting class in business school, there are benefits of working with a bank that you cannot match; from financing to cash flow monitoring and secure online transactions, your bank will help you secure your business’s financial future. While it's important to work with a community-driven team that understands your local impact, it's just as important to have the latest technology, like online banking or mobile options. Below are a few ways a local, technology-friendly bank can help you grow.

How Banks Can Help Your Small Business

1. See a History of Account & Statements

Whether you're seeking a line of credit, financing, or a cash flow tracking method, your local bank can help you stay organized. You can view a history of your account and all your statements on an online cash manager, and your mobile banking app allows you to view your recent history and current balance to ensure your finances are where you want them to be. This also makes it simple to report fraud or incorrect balances as you can check for issues easily.

2. Work With a Team You Know & Trust

A trusted local bank offers in-person services that can simplify your banking needs, such as opening up a checking account, getting an instant issue debit card, or night drop services. While technology is great to have, access to banking professionals and services ensures you’re getting the advice and help that you need to grow.

3. Fast Track Financing or Loan Process

When it’s time for you to grow, you may need a loan or other financing to jumpstart the change. You can receive a business analysis to help you decide if now is the right time to pursue financing. You can also seek out commercial lines of credit, which may help you reach your goals more efficiently than a loan.

If you want to understand your small business's financial picture, visit First State Bank in Russellville, AR. They offer personal service and accessibility alongside technology of bigger banks, like online and mobile banking. Whether you need a loan, business checking account, or savings options, the team can help get you started. To learn more about how their services can help your small business, visit them online, and call (479) 498-2400 to speak with an associate about setting up an account.