KeyBank: Financing Small and Medium Sized Businesses

By Bud on September 11, 2008 TrackBacks (0) Comments (2)

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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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Filed under: Ann Arbor, MI | Bill Koehler | Financing Innovation | KeyBank | Tim Gretkierewicz | Venture Capital | Working Capital

 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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2 Comments

Jessica Cook on November 18, 2008 4:44 PM
If I ever need a loan for a small business I think I would go to key bank. I like the fact that they are willing to work with a small business but they will make sure that they get their money if your business fail. They have many opitons for a person seeking out a loan. I like the fact that they have a venture capital branch within the bank. They also said that any person starting a business should as of them what they as investors are planning to bring to the table which I never thought an investor would considering answering. The question I would like to ask is what could I do to prepare myself for starting up a business and wanted to seek a loan to help me reach my goal?
Michael Kosztowny on June 11, 2010 2:09 PM
KeyBank is a very unique banking development because they offer opportunities locally and nationally. The strong presence in both national and local banking makes KeyBank a very successful bank. Tim Gretkierewicz and Bill Koehler seem to have endless ideas regarding getting clients the money they need for their business. KeyBank works with small startup companies but also provides service to medium size companies. If I needed venture capital I would feel comfortable going to KeyBank because they have two different ways to provide venture capital. KeyBank itself has some money to invest. The other way is by having an agency and they can go outside Keybank and look for other investments. KeyBank seems to be interested in partnering up their clients to ensure they have the funds they need for their business. KeyBank seems determined to create opportunities for all business, small or large. They stated they have raised 5 million dollars and they have raised 100 million dollars for clients. Tim and Bill focus on “making sure what your partner can bring to the table.” This is a great statement because when you are starting your own business, you really need to know what is available to you and how far your bank of advisor will go to make sure you have investments. KeyBank also helps businesses solve their problems and advise appropriately. There are several ways to finance money and not everyone is aware of which way would be the best for their situation. KeyBank could provide those types of answers for your small company and grow with you. The huge benefit I see to having a bank with a national presence is they could help you grow. If your companies becomes successful and you want to purchase more assets or develop your company more, KeyBank could be right there and find people or agencies to invest in your company. Lastly, if your company moved to another state KeyBank would be able to transition with you and provide for you outside of Michigan. Michael Kosztowny

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