Why Shops Choose Banterra Bank Loan products designed specifically for machine shops
Banterra Bank Continues To Expand World-class deposit products including Its Manufacturing Group Into Utah Treasury Management Industry-leading service with local decisions commitment In USA Banterra Bank is exited to announce that they are once againBank expanding their to Made has experienced officers with and Made In Arizona values Western United States presence to service their growing Machine Tool Division approval authority located not just in Utah but also in Arizona, customer base. In 2020, they expanded their offices in Arizona, and today they Illinois, Michigan, Missouri, and are once again expanding their footprint with the opening of their Salt Lake City PRODUCT OFFERINGS: the gulf coast. facility.
Equipment Loans
Lines Of Credit
Building Debt Business Checking & The capital-intensive nature of Loans Consolidation Management Banterra Bank’s Machine Tool DivisionCash
manufacturing makes it difficonsists of two business models in order cult for small banks to offer the to provide a full-range of services for its CONTACT US TODAY FOR YOUR MACHINE TOOL FINANCING NEEDS lending capacity necessary to Western US manufacturers. The first model operates nationwide as a specialty equip- support these companies. By contrast, small manufacturers ARIZONA DIVISION ment finance operation and according to are generally too small to be of EDA rankings, they are a significant player interest for the mega banks. In in that industry. Second, Banterra has set Machine Tool Finance Office addition, bankers at these instiup niche banking groups first in Arizona 1600 W. Broadway Rd. tutions generally have no lendand now in Utah centered entirely on Tempe, Arizona 85282 ing authority and are forced to offering a full range of business banking P 480-645-9005 follow lending policies and pracproducts designed for machine shops and tices created and enforced by other manufacturing entities. Banterramachinetool.com the main office somewhere many With Banterra providing additional cus- states away. The people making NEW BANTERRA BRANCH tomer service and loan support operations these decisions never meet or directly in Utah, combined with their over- get to know these companies. Banterra Bank At Banterra, that’s different. Your all strong team in the Midwest, Banterra is 15100 N. 78th Way able to execute several long-term strate- machine tool lending team will Arizonathe 85260 gies inScottsdale, order to provide exceptional service this industry has come to expect. get to know your company and it is not a rare occasion to see our In addition, over the past 12 years they have created a variety of products that P 480-576-2510 top management, including our far exceed the quality of offerings provided by both smaller competitors and the BANTERRA.COM | MEMBER FDIC president and CEO, touring your mega banks. John VanDaele, Market Manager for Banterra Machine Tool Finance facility in order to get to know (pictured above), said, “One of the secrets to our success is the niche aspect of our department. We only deal with manufacturers and so we have a true under- you and your business. According to VanDaele, Banterra operstanding of their business and the products they need to succeed.” ates as a nimble and responsive He continued, “We are also committed to offering the best products and services, bank group despite being large at competitive prices, to this industry. Unlike a lot of our competitors, these prod- enough to have an in-house ucts and services are delivered by professionals who are actually experienced in lending limit of $50 million per the manufacturing industry. Most important, we understand that our customers are customer. hard-working Americans that do not have the time or desire to deal with all the bureaucracy that exists with mega banks. This entire approach has proven suc- Banterra has convenient online cessful with machine tool customers and specifically our niche banking operation.” services at Banterra.bank as well as BanterraMachineTool.com, The department has a unique organizational structure which is a big reason why but we also understand the imthey are able to offer a convenient underwriting platform for customers. With a portance of personal service. If a customer prefers to call and seasoned machine tool lending staff, Banterra can offer quick local decisions for talk directly to a team member, the majority of its equipment loans because approval authorities rest largely with they can. When a customer calls the local bank officer and/or the department head. This has proven to be very our machine tool number (480) effective in primary markets where they have loan officers strategically located 645-9005, a team member will to service key industry segments. Banterra’s Machine Tool Division currently A2Z Manufacturing Rocky Mountain •
20 Feb / March 2022
