We discuss KeyBank's services to small and medium sized businesses in Michigan. Key offers both traditional bank loans and venture and growth equity. KeyBank approaches equity both by making its own investments and by acting as an agent for groups of investors.
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In this segment, Bill Koehler and Tim Gretkierewicz of KeyBank detail the services KeyBank offers to small and medium sized businesses. These businesses may range in sales from just starting up to $20 million.
Often, while potential clients are aware of their own financial needs, they do not really understand how the bank might view their situation. For instance, would the bank issue a line of credit against accounts receivable or seek a mortgage on a piece of property. Essentially, banks are risk averse and make sure there are adequate assets to secure any loan.
Equity tends to be a less risk averse form of finance. KeyBank has the capability to make equity investments through its venture capital branch. It can also act as an agent, putting together groups of investors.
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