Why a Relationship with a Bank is Important for Your Business

CFO Advisory Services | Robert O. Mayer | Dec 02, 2020

One of the most important roles a CFO plays relative to a business’s success, is in establishing and maintaining a good relationship with a banker. This relationship is vital and should provide the company with access to short term loans as well as long term debt. Long term debt should be used for long term asset financing, where short term debt should be to cover AR and inventory financing.

Developing a relationship with a banker is critical to business operations, and much like other professional relationships, it should be framed with the references and referrals of trusted advisors and other businesses.

Our CFO Advisory Services team has spent years developing relationships with banks and bankers and can leverage these relationships to meet our clients’ banking needs. No matter where in the country you are located, we can help you!

 

2021-01-07T17:38:09-05:00