roll a 20 sided die.

>>1247232
What kind of business?

Essentially I'm going to tell you to bank at a small local bank that makes all of it's decisions through a board that meets every Monday or something. If you're looking for a loan, this is a great place to start if you can impress a group of old business men.

If you are looking for online functionality or something like that, go to a big bank.

I use USBank, BMOHarris, and a little dinky bank in my hometown that you've never heard of. USBank and BMO won't give me shit for credit, while I have over a million borrowed from the local bank.

USBank charges me a ton of fees, BMO is very fee friendly ... that's all I got.

>>1247245
Shop
We will likely be looking for a loan as we want a physical property of some sort, what advantages would small/local banks have?
And I'm not sure if there are any around here

>>1247232

It doesn't matter. They are all pretty much the same with respect to a business account.

https://askmagicconch.com/#/ask problem solved

>>1247266
>who do i bank with
>"no"
o-ok

>>1247270
Tax free nigga, don't leave a paper trail I thought you were smarter than this take loans from the mafia

>>1247252
The advantage is your ability to borrow. Maybe you have downpayments, a great credit score, and your business has a healthy positive cash flow ... then it really doesn't matter.

After shit hit the fan in 2008, my credit tanked, I rebuilt quickly. The small bank in town was able to look through my financials and give me a loan, even though my credit got fucked.

Just one example I guess.

For you it will probably be transaction fees that you should look at.

How much would we be talking to take out loan wise? I was thinking of just borrowing rent for a shop for a year and around 5k for general stock.

>>1247245
Why do you use USBank if it charges you a ton of fees?