Choosing the best small business bank is important in planning any business.

The financial institution must offer the necessary support for the enterprise to grow.

Therefore, several factors should be considered before opening a business account.

We have prepared a special guide with everything the best bank for small businesses needs to help you succeed.

How to evaluate the best small business bank?

First of all, it is necessary to perform a general evaluation of the options available in the market.

This way, it is easier to determine the best bank for companies and which best suits your profile.

Check out some of the main aspects.

Cost-benefit

Value for money is essential for small businesses. This means the costs to open and maintain an account and the benefits offered.

Most conventional financial institutions have packages for small businesses.

Therefore, they have lower fees and differentiated negotiations for PJ accounts.

Meanwhile, several digital banks are also specializing their services for businesses.

However, they may also have greater bureaucracy and unsatisfactory income.

So it’s worth comparing the cost-effectiveness of the alternatives you’re considering.

services

To choose the best bank for small businesses, it is essential to check the services available for this category.

For example, if the plans are compatible with the business profile and have the necessary functionalities, what are the differentials of these products?

Banks may offer attractive rates but relatively few services for small businesses.

Therefore, use this factor to evaluate your options before choosing.

Service

For small businesses, it is important to have an easy and accessible service.

Therefore, evaluate the different channels available. Nearby physical branches, applications, and internet banking.

It is also interesting to check if you have a manager available or a professional who can offer more specific assistance in case of need.

What are the main features of a small business bank?

There are several alternatives on the market, but the best bank for small businesses needs some key features. Discover the most important ones:

Credit lines

The bank must offer lines of credit for small businesses. In this way, it is possible to draw up different growth plans.

In addition, it represents additional security for small companies.

Some of the main lines of credit that the institution makes available are:

• Consignment;
• Financing;
• Easy loan;
• Consortia.

It is also important that the rates are affordable and the negotiations have easy plans.

Facilities for small businesses

The best bank for small businesses must meet the needs of small businesses.

Especially as they are growing and need specific services with greater ease of access.

For example:

• Anticipation of receipts programs;
• Suppliers payment;
• Payroll;
• Credit cards.

These are just some of the most common facilities in financial institutions.

But it’s important to find a bank that meets your company’s specific needs.

5 banks specializing in small businesses

These days, there are many options for small businesses to choose from.

However, we separate some specialized programs to help you choose.

Bank of Brazil

Banco do Brasil is known for its initiatives aimed at companies. It also created a plan geared toward growing businesses.

It has several facilitated services in addition to affordable rates.

In addition, its digital service channel is a differential for the entrepreneur, being practical and quick to be activated.

Bradesco

Bradesco is also a traditional bank with packages aimed at micro and small companies.

It even has a special line for MEI.

Its investment programs differ for the institution, and it offers personalized baskets for each profile.

credit

For those looking for alternatives outside traditional banks, Banco Sicredi is a credit cooperative with several business plans.

So it can be considered in the search for the best small business bank.

Active participation in the institution’s results promotes above-average positive returns.

In addition, it also offers convenient services for enterprises.

C6 Bank

C6 Bank is relatively new to the market, but it might make it into the list of best banks for small businesses.

Offers a free monthly fee, personalized cards, a free account, and an investment program.

Its digital facility makes it an interesting alternative for business.

What is the best bank for small businesses?

Choosing the best small business bank depends on several factors.

Mainly analyze the business profile and which services meet your needs.

However, it is important to compare all options and evaluate more than one institution before deciding.

Thus, it is possible to determine the best decision for your company and make it even more successful.