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The Benefits of Banking Locally for Your Small Business

August 20

Choosing a financial institution for your small business involves more than just opening a new account at your local bank and then picking the branch closest to your office. You need to understand what services you require and how much they cost. You need to walk through all of your options, but interestingly, most business owners spend more time shopping for a $300 laser printer than they would shopping for a bank.

Small businesses depend heavily on local financial institutions for financing. Big banks allocate relatively little of their resources to small businesses. We are one of the few credit unions in the area that offer business lending. Additionally, smaller financial institutions such as Nutmeg are better because we understand the local market conditions. We are just as much a part of the community as our small business partners, so we have a vested interest in their success. We are also better able to provide one-on-one consultation and we take the time to understand your entire situation as opposed to just relying on a credit-score model. We can be more flexible. Our goal is to build long-term, trusting relationships and community partnerships by providing affordable solutions through an exceptional experience.

If you’ve been in business for a few years and have a solid business plan put together, we have the means to help you whether you’re a small bakery, a summer camp, an independent plumbing company or any small business out there. Nutmeg can help finance your short-term capital. We can get you a loan or a line of credit to help your business take off. We can also help with long-term goals as well. We offer:

  • Lines of credit for short-term capital needs
  • Commercial mortgages at competitive rates for purchasing or refinancing
  • Financing of machinery and equipment
  • Business savings, checking and money market accounts
  • Merchant services
  • Benefits for your employees

Our job is to help you with whatever your business needs may be. We invite you to join us for our upcoming Business Lending Seminar being held Tuesday, August 25, 2015 at 6 p.m. at 520 Cromwell Avenue, Rocky Hill.

We care about the community, because the more the community prospers, the more we all prosper. Your best interest will always be our best interest. Thank you for choosing Nutmeg.


John Holt
President and CEO