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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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  • Have you checked out Joe's Latest Blog?

         1 comment
      Have I got your attention? Great.
      Let me start by saying that I believe in giving praise when deserved and letting employees know when they dropped the ball. However, the truth is that no one enjoys being reprimanded or told they messed up.  
      The question is, what is the appropriate balance between the right amount of praise and the right amount of critical feedback? According to studies done by Harvard Business School, the ratio of praise to critical feedback should be about 6:1 – Six praises for every critical feedback. I am not sure if I agree with that.
      From personal experience, I would recommend a lot more praise. The exact ratio doesn’t matter. What’s important is that before you consider giving critical feedback, ensure you have given that employee a lot of recent praise. If not, whatever you are trying to get through to an employee, will fall on deaf ears.
      When you do have to give critical feedback, remember a few things:
      Focus on the issue or behavior; never attack the person, and remain calm in your actions and words Ask the employee for feedback, their side of the story Speak to the employee in private Address the issue soon after it happens; never wait Don’t rely on second-hand information; it’s always better if you have experienced the situation yourself that you want to correct Have an open discussion and find things that both of you can agree upon Have an action plan moving forward that the employee can take ownership of Use the experience as a learning tool Make sure you bring up positive attributes about them Remember, you don’t want the employee to be angry or upset with you; you want them to reflect on the situation and what can be improved. One last thing. Everyone makes mistakes. We need to be mindful of this.
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