It depends on where you are located and the type of business you are running. If you are looking for venture funding, a big name bank is better. If you are bootstrapping or have a smaller business, I have found that a local bank can provide much better customer service and you can get personalized attention when you need it. For the larger banks, Silicon Valley Bank is probably best known for its work in the tech startup space.
U.S.Bank no doubt - great services, facilities and not too many conditions. Give it a shot!
I have similar question. I am a virtual seller from India. I would like to retail my product through amazon and other eCommerce sites directly from India w/o setting up a shop in the US.
(1) Is there any bank which can offer (a) online banking facility (b) can open an account without US mailing address (c) No minimum balance required / monthly charges.
(2) Do I need to get any Government (Local / State / Federal) authorization to sale in the US through Amazon.com or other websites?
if you are a venture business or think you will be then square1bank
I have to agree with Alan. If you're looking for funding, the banks shouldn't be your first option. If it's for other things like banking and credit transactions, a local bank would be best. Good luck!
The big banks are all of the same mind today, Lend only to the cream of the crop and they better be squeaky clean. Local and regional banks are more open, but it relies on: The amount, type of business, how long you have been in business, your financials docs, business plan and other variables.The best thing to do is sit with 3 or 4 banks in your area. Speak with the business specialist, and ask direct questions, give honest answers.
Thank you for all your comments - they are a big help. Local bank or Credit Union - I have some investigating to do!!!! Thanks again.
Credit Unions have always been more small business friendly in my experience. I highly recommend the CU I bank with STCU. https://stcu.org/
A community bank or credit union that is actively engaged in the small business community. I gravitate to the people who attend the networking events and belong to the organizations to which I belong. (There's that relationship business first, again!) When I'm confident about the people, I then explore the institution and the one that most fulfills my criteria for both gets my business.