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US: Bank Launches New Tool For Small Business Owners

US: Bank Launches New Tool For Small Business Owners

Fox Chase Bank announced recently that it had created an innovative tool designed to help small business owners gather a better understanding of what their companies are worth. According to a recent American Banker article, Fox will soon launch a community banking tool. It is a type of modeling tool, similar to Zillow.com, and will help private companies complete data entry within an hour so they can receive a valuation estimate for their firm.