What do you do about banking when you first start your company?  You’re probably not going to get a line of credit unless you have a personal guarantor. A personal guarantor is when you give somebody equity in your company for them to sign off on a bank loan.  They’re putting the money in, and if the company doesn’t succeed, they have to pay it back. You choose your bank for convenience and to build a relationship with someone who can assist you to build a line of credit over time. This person will help you with letters of credit if you need them as well as wire transfers and opening new accounts.  It’s a thoughtful process.  You should find a banker through one of your consultants because then they likely already have a relationship so you have an inside door when you first start.  Banking is an important piece of the puzzle.