Title: Q4 Is Here: 5 Conversations Every Small Business Owner Should Have With Their Banker Before Year-End

October marks the beginning of the final quarter of the year, and for small business owners, it’s an important time to look at where your business stands today and where you want it to go next.

Before the holiday rush and year-end deadlines take over, consider scheduling a conversation with your local banker. Here are five topics worth discussing.

1. How Does Your Cash Flow Look?

Review your expected revenue and expenses through the end of the year. Seasonal inventory, additional staffing, year-end bonuses and slower receivables can all affect cash flow. Identifying potential gaps early gives you more time to consider your options.

2. Are Any Major Purchases Coming?

Thinking about replacing equipment, purchasing vehicles, making repairs or investing in technology? Talk with your banker before making the purchase. Together, you can discuss financing options and how a large expense could affect your available cash.

3. Is Your Current Access to Credit Still Appropriate?

Your business may look very different than it did at the beginning of the year. October is a good opportunity to review existing loans and lines of credit and discuss whether your current banking structure still supports your needs.

4. What Does 2027 Look Like?

Planning to hire, expand, purchase real estate, add equipment or pursue another growth opportunity next year? Your banker doesn’t need to hear about those plans after they happen. Starting the conversation now can help you understand what financial information or preparation may be needed.

5. What Could Catch Your Business Off Guard?

Unexpected repairs, delayed payments, inventory needs and economic changes don’t always fit neatly into a business plan. Talk through potential scenarios and determine where your business may need additional flexibility.

At Bank Michigan, we believe your banker should be part of the conversation long before you need financing. Q4 isn’t just about finishing the year strong, it’s an opportunity to prepare your business for what comes next.

Ready to start the conversation? Connect with your local Bank Michigan team.

Better. Thinking. Banking.™