In the competitive world of internet service providers (ISPs), great service requires a reliable connection and speed. Mike Sowada knew that when his web hosting service, Digital North, came across an opportunity to acquire VISI from an east coast firm in 2005.
Mike needed a supportive bank that could help him recognize the opportunity - and act fast. There were plenty of lenders happy to have Mike apply for financing, but after initial meetings, it was clear to Mike the process would be too cumbersome and time consuming.
At The Business Bank, we understand opportunities because we're business owners too. We approach the service of banking differently. For Mike, we acted quickly to provide SBA financing to consummate a very successful acquisition.
VISI's revenues have increased each quarter since the purchase and, as Mike continues to invest and expand further, we'll be plugging Mike in to all of our available resources.
If you've got a weak connection with your bank, call Jon Gloppen or Pete Reichardt at 952-847-1100.