YesMrBanker News You Can Use

Yes, small banks are losing to big banks. In the past decade, the number of small banks has declined by more than 9,000, mainly through mergers. This is due to a number of factors, including the rise of online banking, which has made it easier for customers to do business with large banks, and the increasing consolidation of the banking industry.

The decline of small banks is a concern for businesses, as they often rely on small banks for loans and other financial services. Small banks are more likely to be familiar with the needs of local businesses, and they are more likely to be willing to work with businesses that have less-than-perfect credit.

The decline of small banks is also a concern for the economy as a whole. Small banks are more likely to lend money to small businesses, which are the engine of job creation. When small banks disappear, it becomes more difficult for small businesses to get the loans they need to grow.

There are a number of things that can be done to help small banks compete with big banks. One is to provide more support for small businesses, which would make them more attractive to small banks. Another is to make it more difficult for large banks to merge, which would help to preserve the competition that small banks need to thrive.

Businesses can also help to support small banks by doing business with them. When companies choose to bank with small banks, they are helping to keep them afloat and ensure that they are able to provide the financial services that businesses need.

Would working with an Alternative Lender be better than working with a big bank for quick capital?

It depends on your specific needs and circumstances. Alternative lenders can be a good option for businesses needing quick capital and less-than-perfect credit. YesMrBanker has more flexible lending criteria than big banks. We are more willing to work with businesses that are in need of cash flow. However, it’s important to understand the terms and conditions before you apply for a loan. We explain the process in detail. Some rates may be higher because these types of loans are all unsecured and based on the revenue you bring into your company.  Big banks can ONLY offer credit lines or secured products.

Here are some of the pros and cons of working with an alternative lender:


  • Quicker approval process
  • More flexible lending criteria – unsecured
  • More willing to work with businesses with less-than-perfect credit
  • Can provide capital for businesses that may not qualify for a loan from a traditional bank


  • Higher interest rates
  • More fees
  • Does not report to credit bureaus

Ultimately, the decision of whether to work with an alternative lender or a big bank is a personal one. It’s important to weigh the pros and cons of each option before making a decision. YesMrBanker takes your factors into account and our experts are versed in all industries. We have a better understanding of how to help you.

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