Founded in 2003 as a family-owned business, K2 Electric has grown from three employees tackling small commercial projects, to over 300 people entrusted by brands like Amazon for multi-million dollar endeavors. 

Fast growth sparks the need for a more flexible, responsive banking partner

K Electric ProjectWhen K2 Electric experienced 5X revenue growth within one year, they realized their legacy bank was no longer meeting their needs.

“We didn’t have a local contact who we knew, and we were ready for a change,” says Jared Kredit, President and CEO.

“We switched to a local credit union because I had personally banked with them, but they weren’t a business bank. They didn’t understand our business, have remote deposit, or the ability to circumvent processes. For example, their system automatically put holds on deposits, but we need access to our cash immediately. There was no way to get around that.”

“Where else can you call the bank president and know he’ll pick up?”

After meeting Gateway Bank’s president and CEO, James Christensen, through a family member, Jared and his team saw how Gateway understood K2’s business, could help fuel their growth, and provide the fast, friendly service they had been missing.

K Electric TeamSince getting their first line of credit with Gateway Bank in 2012, K2 has transferred all of their accounts to the bank, used multiple forms of financing, and built a partnership for life. “We work with Gateway because it’s truly a relationship. They’re always available, responsive, and make us feel special,” Jared explains. “Where else can you call the bank president and know he’ll pick up?”

K2 has already accomplished impressive growth in their first 20 years. With a banking partner by their side who understands their business, prioritizes service, and shares their dedication to the community, K2’s team can continue delivering “powerful” electrical solutions for decades to come.

“We work with Gateway because it’s truly a relationship. They’re always available, responsive, and make us feel special. Where else can you call the bank president and know he’ll pick up?” – Jared Kredit, President and CEO

Looking for a partner to help you grow your business? Connect with our team to learn how to get fast funding, convenient banking solutions, and the personal service you’ve been missing.