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Business Growth for Business Owners

Capabilities and Expertise to Help You Build and Grow Your Business

Thoughtful management can help your business thrive right along with your personal life. 

Our Approach

As a business owner, you make daily decisions that affect the growth and development of your company and your employees, while also balancing your commitments to family and other personal interests. We can help you manage the connections, opportunities and challenges of these intertwined priorities, taking into account your goals and plans for business growth and personal success.

That’s the advantage of an integrated relationship with Bank of America Private Bank and Bank of America Merrill Lynch. Your personal advisor and dedicated commercial relationship manager, in coordination with your other advisors, will work to understand the wide range of your objectives and find efficient growth strategies to pursue them. 

Katherine Lockhart:

Simply Southern started selling t-shirts and have expanded into an array of products. The colors are just vibrant.

On screen copy:

James T.
Walsh Private Client Advisor, Bank of America Private Bank

James T. Walsh:

Simply Southern is the pride of our local community there. To have the opportunity to serve Simply Southern is really a privilege of ours.

On screen copy:

Katherine Lockhart
Charlotte Triad Market Executive, Business Banking

Katherine Lockhart:

There is so much inspiration that comes from hearing Ginger's story. And I could hear it a hundred times and be energized every time.

On screen copy:

Ginger Aydogdu
President, Simply Southern

Ginger Aydogdu:

When we first started, we basically were only making t-shirts. And the first day we actually only made $30. And I thought oh my gosh, we're never going to be able to survive on $30. And then the next day we did $40 and then by the weekend on Friday night we actually did $300 and I thought oh my gosh we actually might make it and actually make rent.

My first production facility, it was very, very small. We had one manual machine. I didn't have enough employees. It was very scary and wondering are we going to be able to survive. It was a lot of hard work and determination. And it just all of the sudden finally paid off and retailers started to see that, oh yeah this is a product that we can sell and we can sell a lot of.

Katherine Lockhart:

Bank of America came in to Ginger's life at a time when her company was experiencing tremendous growth. We discussed how we can help her with her payables and receivables with financing buildings with expanding. The company was doing very well and needed additional capabilities. Not just for her business needs but also on the personal side.

Ginger Aydogdu:

Bank of America laid it out there for me. They'd say you need to start thinking about yourself a little bit and the future of you and your family. My goal and my family's goal is to always give back.

Children:

Simply Southern.

James T. Walsh:

Ginger by nature is a very philanthropic person. With business owners so much of their concentration is in one area, their business. And we come in and share with them a strategy around being able to diversity. And to be able to use that strategy to help not only this generation but the following generations to come as well.

Ginger Aydogdu:

We've just started in this aspiration of working with children but we want to do more. We want the company to grow. We want to grow in the things that we're doing with all the children. The next generation is our legacy.

Disclosure:

IMPORTANT INFORMATION

Opinions expressed herein are those of the featured participants, and may differ from those of Bank of America Corporation and its affiliates. The information presented in this video is for discussion purposes only and is not intended to serve as a recommendation or solicitation for the purchase or sale of any type of security. This video does not constitute investment advice and is issued without regard to specific investment objectives or the financial situation of any particular recipient.

This video is designed to provide general information about ideas and strategies. Always consult with your independent attorney, tax advisor, investment manager, and insurance agent for final recommendations and before changing or implementing any financial, tax, or estate planning strategy. “Bank of America” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.

Investment products:

Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value

 

Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation. Bank of America, N.A. and U.S. Trust Company of Delaware (collectively the “Bank”) do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank.

© 2019 Bank of America Corporation. All rights reserved.

Services

Expansion Financing

If you are looking to expand, Bank of America Merrill Lynch offers complete financing guidance, solutions and support, tailored to your unique strategic and operating needs.

Employee Benefits

To help you attract and retain top talent, Bank of America Merrill Lynch Retirement Services can provide services such as banking, retirement planning (including defined-benefit and 401(k) plans) and health care accounts.

Liquidity Management

Strong cash flow and efficient operations are critical to your business. Bank of America Merrill Lynch offers solutions that help you accelerate collections, manage payables and put excess liquidity to work.

Risk Management

Across our enterprise, we can help you create a comprehensive and disciplined approach to managing financial, market and operational risk, so you can help protect your business now and in the future.

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Bank of America Merrill Lynch Solutions

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Business Transition

Guidance and strategies to help raise capital, sell or transfer your business.

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