After years of receiving little attention, small businesses have emerged as the ‘sweet spot’ for the financial services industry. For credit unions and community banks, small business banking is a natural market extension.

How large is the small business market?

The size of the market alone makes it attractive – there are more than 10 million small businesses in the United States, with the number growing at a rate of about 5% annually. According to industry analysts, small businesses generate more than $200 billion in financial services revenue per year and can be up to 10 times more profitable than the average consumer.

Major banks now have a strong focus on and corporate commitment to small business; among these are big banks such as Bank of America, Chase, Wachovia, and Wells Fargo. They understand the returns available. They also know how tightly bound the household relationship is with the small business relationship. For the business owner is it all about:

• Convenience
• Products
• Relationship

Why offer small business services?

Business Services are a great opportunity for credit unions and community banks to improve retention of members, attract new members, establish new revenue streams, support their community --- And compete with banks!

But few small institutions have the products, capacity, expertise, people, resources and commitment to successfully compete in business services on their own.

For 28 years, we have partnered with the best companies to deliver our customers the highest quality products and services which they need to compete and better serve their members/customers. Harnessing your competitive advantages, while leveraging the strengths of others, is the key to success in Business Services.

For sales assistance please call: 1-800-257-2807.