Small business is a tremendously important component of the American economy. According to the Small Business Association – Office of Advocacy, businesses with less than 500 employees have generated roughly 65% of our new jobs since 1993. In fact, they account for 42.9% of the private-sector payroll. Clearly we are not a country of corporations, but of individuals and innovators. At Independent Bank it is our primary goal to provide entrepreneurs with the financial resources they need to succeed.
Among the 77 million people in the United States that make up the small business workforce, is a very special Independent Bank customer in Lewisville; the CEO of Buck Properties, Alex Buck. Buck Properties owns and manages light commercial properties, office warehouses and the work spaces utilized by repair shops, custom fabricators, distributors, contractors, and retail tradesmen.
With quality facilities in great locations at the heart of their operation, Alex and his staff are proud to take a hands-on approach. Alex’s father Carl Buck is the CFO, making Buck Properties a true family business. Buck Properties markets, negotiates leases and actively manages all their properties. As with much of north central Texas, the Lewisville area continues to evolve and develop, fueling more demand for finished space. In response, Buck Properties growth plan includes both the acquisition of existing buildings, as well as new construction.
According to the SBA Office of Advocacy, 44% of small businesses own, rent, or lease space. Buck Properties serves this market. We, as consumers, rely upon this relationship for access to the businesses that keep our lives on track, our homes looking great, and our unique interests served. Big business also relies on clients of Buck Properties for many vital products and services; from sign shops and office equipment repairs, to landscaping and HVAC service.
The Impact of a Community Bank
Community banks play a critical role in keeping their local economies vibrant and growing. We often respond with greater agility to lending requests than national competitors because of our detailed knowledge of the needs of our customers and close ties to the communities we serve. This helps foster the economy by allowing businesses to buy new equipment, add workers, or sign contracts for increased trade or services.
Although Independent Bank provides a wide range of services, our primary activity is to fund longer-term investments, such as small business, agricultural, or commercial real estate loans. We know our customers, and likewise, our customers know us – which fosters loyalty. It also allows Independent Bank to go beyond the standardized credit models used by larger banks to consider a range of factors when making credit decisions.
Partnering with Buck Properties
Gary Lewis (Area President – Highland Village) became familiar with Alex Buck through years of attending Lewisville area business events. Gary maintained ties until an opportunity arose to form a formal banking relationship in 2012. Buck Properties had expressed interest in reorganizing their debt structure and was actively shopping commercial loans.
Our initial work together involved a large refinance of a commercial property. According to Alex, “Independent Bank was an attractive option because of their larger capital limits.” At first the banking relationship was quite traditional, with limited scope.
After experiencing Independent Bank’s unusually high level of personal service, the ability to provide a full-suite of banking services became a very attractive option. Since the initial loan (two and a half years ago) Buck Properties migrated 100% of their day-to-day and transactional banking to Independent Bank – checking, savings, online, everything. When Independent Bank added a specialized wealth management division in 2014, Alex moved his financial planning and investment management services to IBG Financial Advisors.
What Customers Say Really Matters
Buck Properties is a premier account in the Lewisville area. We truly value their business and the experiences they have interacting with our staff. Here is a bit of the feedback we recently received from Alex Buck.
- Gary Lewis is quick and responsive
- Service at the branch is terrific
- The staff care about my business
- Business loans are easily understood and match our goal
Community Comes First
Alex Buck and his family also take a personal interest in helping others. Alex is a board member at the Medical Center of Lewisville, a Lifetime Member of Lewisville Independent School District Education Foundation Board, and he is an 18 year Rotarian. In fact, Alex was recognized as Citizen of the Year by the Lewisville Chamber of Commerce in 2012. He is a graduate of Lewisville High School, a proud father of three and husband of one. Buck Properties supports many non-profits and charitable causes throughout the Lewisville area, valuing the importance of actively supporting the community.
Independent Bank takes great pride in providing capital and guidance, enabling small businesses to become viable, vibrant organizations, employing and serving people in the community. As a company evolves Independent Bank has a scalable set of banking products and professional services to help organizations handle their finances more efficiently and focus their efforts on what matters most – providing exceptional products and services. By building relationships and learning about your business we can discover new opportunities together.
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