Who are the best banks in the world?
I just read an article profiling the World’s Best banks. The article is posted by CNBC and mentioned some banks I’ve heard of like JPM Chase and some banks I never even knew existed!
What do you do when you read an article relevant to your business? Do you read it? Print it? Do you save it as a favorite with intentions of reading it one day?
Sometimes we have the best of intentions but they get lost with all the hustle and bustle in life. My advice is to act with a sense of urgency. For example when a friend forwarded me this article, I quickly read it and made a list of the banks listed. I printed it and put it in a folder to share at my next Business Credit Workshop.
Furthermore, I put together a challenge for my Business Credit Workshop attendees to call these banks and see what their options are for business credit cards, loans and lines of credit. The results are going to be posted at the Business Credit Workshop Blog and on our Facebook Fan Page. My goal is that by taking this activity, it will benefit many, not just me…
You can check it the CNBC article yourself at: http://budurl.com/worldbestbanks
Joe Lawrence's Blog 
I don’t care what CNBC says, I will never do business with Chase ever again. Their customer service is lousy and their fees are ridiculous. They closed two of my business accounts after 60 days of inactivity without notifying me. I would opt for relationship building at smaller local community banks to get business credit. Especially ones that have not gotten in so deep with sub-prime loans that they feel that customer fees are the way to make up for that lost revenue.
You are right on the money, Michael. One of the best sources to obtain business credit from in this day and age are from smaller local banks. When you drive through town, note any banks that you may not have heard of. Later, call them and ask them what programs they have for small businesses.
With regards to Chase. Reach out to a local VP/Business Relations Manager. The one I know in Brooklyn has helped other businesses in other states get their lines of credit back. This will work if the only reason they cut it was from inactivity and there was no other reason. Good luck!
-Joe Lawrence