Case Studies

To increase their company assets and reduce costs, Everett “Doug” Yopp of EdYopp Properties was interested in purchasing the building where his company had office space.  An SBA 7(a) loan gave EDYopp Properties the capital it needed to invest early in a property poised to grow with real estate values increasing in the area. The 25-year term aspect of the loan available through the 7(a) Program resulted in a low monthly payment and conservation of cash flow for the business.

When International Hemp was shut down without notice by their previous banking partner, the ability to make and accept payments came to a screeching halt. International wires to their partners and distributors that were pending were simply never delivered and their business bank accounts were inexplicably inaccessible. West Town Bank & Trust’s business banking services restored access to their accounts, resumed wire activity, and even introduced credit card processing for the company to improve on their existing offerings to customers.

When Chip Miller’s previous bank began to lose sight of the personalized service he needed to effectively run his hemp business, he began searching for a new banking partner in the hemp space. Unfortunately, this isn’t as straight-forward as it is for businesses in other industries. Abundant Labs needed a bank that with old, traditional values of strong customer service, while also offering modern banking services to hemp businesses. Chip found a true partner in West Town Bank & Trust. As he puts it, “With West Town Bank, I now have an additional tool when consulting with hemp businesses. I can now comfortably say ‘I can help you get a banking relationship started too.’”