Your business needs a strong relationship with a bank to help you navigate and process the inflows and outflows of the cash running through your business everyday.
Today we are joined by Caleb Dimick, Senior Vice President of Retail and Commercial Banking for the Bank of Idaho to discuss various aspects of business banking. Caleb shares his knowledge and experience gained from over 12 years in the banking industry so you can better navigate the vast (and sometimes unknown) waters of business banking.
You will gain insight into the basic topics of:
Why a business account should be used
What information you need to setup your business account
Your knowledge of business banking products will be expanded and you will learn how to better work with a banker, as Caleb discusses:
Various business banking products that are available
What a merchant account is and why you might need one
What information to share with your banker and what a banker should be doing to support your business
Finally, you will learn the basics of business lending options, as Caleb highlights:
What commercial lending options are available
Things to consider when choosing a bank for your lending needs
What is needed to qualify for lending, including the 5 C's of credit
What a personal guarantee is and why banks may require it
With the information and perspective Caleb shares, you will be ready to tackle and discuss any of the banking needs your business may need.
You can find out more about the Bank of Idaho at: https://www.bankofidaho.com/ (https://www.bankofidaho.com/)
Need help from Caleb? You can reach him at 208-716-3829
Here is more about Caleb:
Caleb Dimick joined the Bank of Idaho in December, 2015 as the Commercial Banking Manager at the Downtown Capital branch and now works as a member of the executive management team as the Senior Vice President of Retail and Commercial Banking. Caleb works directly with Jeff Newgard, CEO, in driving the loan, deposit and income growth for the Bank of Idaho. He most recently came from Wells Fargo in Idaho Falls where he spent 3 years managing business relationships and lending for Eastern Idaho Businesses and professionals. Prior to Wells Fargo, Caleb worked as a Commercial Loan Officer for D.L. Evans Bank in Idaho Falls since 2008.
Caleb is a graduate of Idaho State University with a Bachelor of Science in Finance. He also studied at BYU in Provo, UT for almost 4 years before moving back to Idaho. He enjoys participating in the community and has been actively involved as a Board Member with the Development Company in Rexburg, past chairman of East Idaho Falls Rotary Club and served as Treasurer of the Idaho Falls Chamber of Commerce. Caleb enjoys golfing, snowboarding, gardening and boating with his family. He resides in Shelley, Idaho with his wife, two daughters and one son.
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