Core Bank and the Independent Community Bankers of America (ICBA) encourage Americans to reinvest in their local community by shopping with small businesses during National Small Business Week, April 30 – May 6, 2023. Small businesses have generated 12.9 million net new jobs over the past 25 years, accounting for two out of every three jobs added to the economy.
Core Bank understands the unique needs of small businesses and the importance of ready access to financial resources as they expand and evolve to meet the needs of the communities they serve. We’re invested in the success of our local small businesses and stand ready and willing to help because we know when small businesses flourish, everyone prospers.
Small businesses comprise 99.9 percent of all firms and account for 44 percent of U.S. economic activity. When it comes to their financing needs, they most often turn to community banks, which fund more than 60 percent of all small business loans under $1 million. In fact, small businesses consistently rank community banks as their lender of choice, according to a series of studies from the Federal Reserve Banks.
“ICBA represents the nation’s community banks, which channel their loans to the neighborhoods where their depositors live and work—helping local businesses and communities thrive,” ICBA President and CEO Rebeca Romero Rainey said. “Their relationship banking philosophy is ingrained in how they conduct business and is pivotal to ensuring that businesses and families have access to capital to support their funding needs and financial aspirations.”
From business checking accounts to complete treasury services, Core Bank supports customers to help simplify the day-to-day needs of every business owner. To find out more about how Core Bank can help support you or the small businesses that fuel our community visit our website at Business Banking Accounts, Treasury Services & Loans | Core Bank.
For more on National Small Business Week visit the SBA’s website. To learn more about the community bank difference visit banklocally.org.
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