That’s why it’s vital you find business loans with low interest rates, and First Republic Bank gives you exactly that. Any small thing can cause your company to topple. When your startup is growing, every penny counts. This means if you’re just starting out with your company, you won’t have to worry about other milestones in your life being put on hold because of your venture. In fact, since they’re so entrepreneur and startup-geared, they’re well-known for approving mortgages for people in unusual situations, where they’d normally never get approved. For example, they’ll bring you cash by hand if you need it, and they’ll even approve mortgages on the same day a client walks into one of their branches. Their emphasis on providing personal attention to every client is what causes many of them to choose First Republic Bank in the first place. They understand that the key to their success is your company’s success, which is why they strive to provide the best customer service possible. That way, they can best advise you on how you can manage your business’s finances wisely.Īlso, they’re dedicated to building a relationship with each and every one of their clients. This is why they have personal bankers who are experts in specific industries.
Lots of Features That Come With Business AccountsĪs a business account holder, you’ll enjoy several features that’ll make running your business easier and smoother. They also have locations scattered all across the nation, which means if you’d like to go to a physical branch, it won’t be hard to find one. They Have Multiple Branches All Over the CountryĪs we mentioned earlier, First Republic Bank isn’t just located in Southern and Northern California. With this specialization for startups and founders, First Republic Bank shows that they go above and beyond to help businesses succeed, no matter which stage they’re in and no matter how big or small they are. You can even select your role in the business: CEO (founder), CFO (senior finance), or other. However, First Republic Bank is different. In fact, their tag line is “Banking for Innovators.” They cater specifically to founders and startups, which means they’ve tailored their services to grow as your business does.įor example, for their business accounts, they have you select which stage your company is in: early, growth, or mature. They just want to see that you can provide enough cash to pad your account with. Most banks don’t really care which stage your business is in. So what is it that makes First Republic Bank stand out from other banks? Find out below. This makes them younger than most other financial institutes, but that doesn’t mean they’re not just as good, or even better. So First Republic Bank is a financial institution with some history, which means they must be doing something right to stay around for over 3 decades. This includes things like brokerage and investment services.įirst Republic Bank is currently part of the S&P 500 Index, as well as the KBW Nasdaq Bank Index. Services they offer include private banking (both personal and business) and private wealth management. In total, they have 82 locations and over 4,800 employees. Currently, they have locations all throughout California (such as San Diego, Los Angeles, and San Francisco), as well as in Portland, OR, Boston, MA, Palm Beach, FL, Greenwich, CT, New York, NY, and Jackson, WY. They’ve grown tremendously in the last 3 decades. They’re currently the second-largest bank in California and the 28th largest in the country, which speaks volumes about the quality of their services. What Is First Republic Bank?įirst Republic Bank is a financial institution that was first established in 1985 and is based in San Francisco, CA. We’ll discuss what First Republic Bank is and why it’s so great. When it comes to banks for startups, First Republic Bank should be one you look into. Not only do you have to be innovative, but you also have to manage all parts of your company meticulously to ensure it doesn’t fail. Having a great idea for a business is just one part of the equation, after all. One of the biggest problems startups face (amongst other things) is financial management.
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