How to Forge Rewarding Relationships with Your Community
Show Customers Appreciation with Warm, Friendly Holiday Traditions

Sneak Preview of 2019 Commercial Loan Trends

18-LB-560 stock photo
Next year, your company may need a commercial loan for a new facility or equipment, expanding inventory, or possibly a lucrative growth opportunity. You’ll have many options including large multi-national banks, as well as local banks with deep roots in the communities they serve. 


Before you make that important decision, keep in mind that in the most recent bank customer satisfaction survey, community banks gained the highest scores.  The following trends will also influence small and mid-size companies’ borrowing decisions in 2019.

·         Both mid-size and small companies have become increasingly disenchanted with multi-national banks’ impersonal nature. Result: They are seeking alternatives such as progressive community banks which place a strong emphasis on personal banking relationships. The banks’ decision makers live in the same community as their customers, and focus their attention on meeting local needs.

·         In this digital age, large multi-national banks’ substantial bricks-and-mortar presence carries less weight than it once did. Most community banks possess the mobile capabilities and digital banking prowess of their larger brethren. In addition, they provide a high level of responsiveness, transparency and local commitment.

·         While big and small banks have both grown their percentages of loan applications approved, look for small banks to approve a higher percentage of applicants in 2019. Big banks currently grant new business loans to about 25.3 percent of small business applicants; small banks approve about 49.1 percent. 

In today’s expanding business climate, you can expect proactive companies to take advantage of these trends to maximize growth in the upcoming year.

What business goals will drive your quest for commercial loans in 2019?

For related content, check these articles:

·         What’s the Best Debt-Equity Ratio for Your Company?

·         The Commercial Loan Term Sheet: An Important Step Before Getting a Loan

·         Debt Ratio’s Crucial Role in Landing Business Loans


Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)