When it comes to choosing a business bank, a little roomy is better than too snug.
Have you ever submitted a loan package to your bank only to be deluged with requests for more information without ever receiving a definitive "yes" or "no"? This could be a not-so-subtle sign you've outgrown your bank.
That's what happened to Joe La Valla, 41, co-owner of FoxIntegrity Graphics Inc., a Windsor, Connecticut, pre-press and printing firm with 78 employees and more than $10 million in sales. In 1996, La Valla and his two partners, brother Victor La Valla, 44, and John Lorusso, 36, decided to purchase 80-year-old Fox Press and combine it with their existing firm, Integrity Graphics.