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Curious which banks you guy use and are the best for small businesses? In terms of features and lack of fees. Interestingly enough, this has been a tough one to google, as most "small business bank" articles are focused on the lending-side, not the ongoing operation side.

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We have used Regions for several years and were satisfied. However, we are now moving to local bank with four branches because we refinanced and saved $1400 per month. The new bank is also only about 150 yards from our business.

 

Wow. Nice refinancing! What rate were you able to get? I'm looking at Prime + 2% right now.

 

I'll take a look at Suntrust. Good thoughts.

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  • 2 weeks later...

We locked before rates went up. We got 3.75% guaranteed for 5 years and then it resets.

 

Great rate. That's hardly above prime.

 

We ended up going with a local Atlanta-based bank due to the level of customer service they provide that the big box banks don't.

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      It always amazes me when I hear about a technician who quits one repair shop to go work at another shop for less money. I know you have heard of this too, and you’ve probably asked yourself, “Can this be true? And Why?” The answer rests within the culture of the company. More specifically, the boss, manager, or a toxic work environment literally pushed the technician out the door.
      While money and benefits tend to attract people to a company, it won’t keep them there. When a technician begins to look over the fence for greener grass, that is usually a sign that something is wrong within the workplace. It also means that his or her heart is probably already gone. If the issue is not resolved, no amount of money will keep that technician for the long term. The heart is always the first to leave. The last thing that leaves is the technician’s toolbox.
      Shop owners: Focus more on employee retention than acquisition. This is not to say that you should not be constantly recruiting. You should. What it does means is that once you hire someone, your job isn’t over, that’s when it begins. Get to know your technicians. Build strong relationships. Have frequent one-on-ones. Engage in meaningful conversation. Find what truly motivates your technicians. You may be surprised that while money is a motivator, it’s usually not the prime motivator.
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