The COVID-19 pandemic has made it evident that business owners need to partner with a lending institution they can trust. According to the Small Business Administration, 44% of PPP loans were completed by community banks with $10 billion in assets or less.
Community banks are a trusted partner for small businesses because they are dedicated to, and invested in, their local companies. They provide personalized service — not automated messages that make you feel like a number. They are often able to be flexible with clients because it’s not just a balance sheet assessment — they go to church together and their kids go to school together. And they know the business well because they may be regular customers, and thus have a personal incentive to see their clients succeed.
While upholding the high standards required of banks, community banks regularly go the extra mile to help out a local company.
Parabilis is the government contractor’s “local” lender. Our CEO and founder are veterans who ran their own govcon companies, so we’ve been in your shoes many times. We know what it’s like to struggle to meet payroll while working feverishly to fill vacant seats on contract. We know what it’s like to hit a roadblock like unexpectedly losing a contract — and what it takes to overcome that obstacle.
We’ve been there. So we also know what you feel like when these challenges arise, and what support you need. Like a community bank, our staff is “on the ground” with small business government contractors, partnering with them to identify the greatest level of need and find strategies and tactics to overcome barriers to success. We don’t just stop at providing you lines of credit to increase cash flow; we will refer you to outsourced CFOs for strategic insights, CPAs and attorneys for financial and legal reviews, and eventually a bank when you’re ready to graduate from us.
Like a community bank, Parabilis wants to be your trusted partner. Contact us today.