Banking Relationships: How to Develop and Maintain Them

Bob Teska, CPA, CCIFP, Partner-in-Charge: Construction Services recently joined a colleague from CH Insurance Brokerage Services, Inc. to have a discussion centered around how to develop and maintain banking relationships. CH Insurance Brokerage Services, Inc. was represented by Larry Alampi, Business Development Manager. This is episode 6 of our Weapons of Mass Construction series. Questions/topics addressed during this discussion include: 

  • How do you find the right bank for your needs?
  • What does a bank look at when applying for a line of credit (LOC)?
  • The best/worst use for LOCs
  • Equipment term loans
  • What will effect the interest rate on a loan?
  • When will a bank not give a loan?
  • When is it time to find a new bank?
 
This video lasts about 15 minutes. If you have feedback or suggested topics please email info@bcpllc.com.

Presenters

Bob Teska, CPA, CCIFP, Partner-in-Charge of Construction Services at Bowers & Company CPAs – reach him at 315-234-8157 or rmt@bcpllc.com.

Larry Alampi, Business Development Manager – reach him at 315-552-5345 or lalampi@chinsurance.cc.

Bowers & Company CPAs aims to offer helpful information to our clients and friends. Learn more about how we can help should your construction company need accounting and financial services.

Disclaimer: To ensure compliance with requirements imposed by the Department of Treasury, we inform you any U.S. federal tax advice contained in this document or video is not intended for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any transaction or matter that is contained in this document.

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Bob Teska

Bob Teska

Bob Teska, CPA, CCFIP, is Partner-in-Charge of Construction Services at Bowers & Company CPAs PLLC. Reach him at 315-234-8157 or RMT@bcpllc.com. Bowers & Company aims to offer helpful information to our clients and friends. Learn more about how we can help should your construction business need accounting services.

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