Think globally, bank locally

Kelly Spors' article outlines a shift in entrepreneurial banking relations. Large banks are so concerned about their toxic assets that they have jettisons relationships with many smaller clients. The loss of a line of credit has horrible consequence for going concerns. Entrepreneurs are not going to be very forgiving when the big banks come calling again.

Several business owners I’ve spoken with in recent months say they’re turning more to regional or community banks and credit unions for their banking needs, and it’s no wonder. The major banks don’t appear able to help them anymore.