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Men and women running a small business who need a loan should heed the advice from Banc of California CEO Steve Sugarman and develop a banking relationship as the business is forming.
Steve said treat the bank like a partner and the institution can fund future expansion.
I conducted an interview with Steve and wrote up the article here on the Starting a Business page.
He says Banc of California is uniquely positioned to help entrepreneurs from a variety of industries because the bank itself is run by people who have had their own companies.
The bank expects to loan 5 billion dollars in 2013 and has 3 divisions that includes a community bank with 15 branches in Los Angeles County, Orange County, and San Diego County.
Steve says personalized lending solutions to spur borrowing and business expansion is a benefit to the Southern California economy.