At Eastern Bank, we believe that, in order to support the success of our business customers, we need to take the time to understand their unique challenges.
It’s why we employ an advanced consultative approach that’s focused on the 9 Business Challenges that our research shows most business owners and managers face – from managing cash flow to attracting and retaining employees. We will regularly review these challenges with you, so we can help you anticipate issues before they become problems, maximize your time and money, and take advantage of opportunities for growth.
9 Business Challenges
Challenge 1 Managing Cash
What is your process for collecting receivables and managing payables?
How do you manage your excess cash balances?
Challenge 2 Optimizing Working Capital
How do you determine your optimum level of working capital?
What is your source of emergency funds?
Challenge 3 Planning Equipment Needs
How do you plan for the replacement and purchase of equipment?
How do tax consideration affect your ownership vs. lease decisions?
Challenge 4 Evaluating Real Estate Considerations
What considerations impact your future space planning needs?
How do you evaluate potential investments in real estate?
Challenge 5 Facilitating International Trade
How do you conduct international business transactions?
What are the biggest obstacles you face in doing business internationally?
Challenge 6 Mitigating Risk
What are the most significant risk to your company's operations?
What steps have you taken to mitigate these?
Challenge 7 Supporting Business Growth
What resources would you need to undertake a major expansion?
How do you plan to ultimately transfer ownership of your company?
