Buying out a partner or acquiring a business can be a stressful process, but for Jack and Susan Kannapel, owners of Ski Pro, the experience was easier thanks to their relationship with Gateway Bank.
The Kannapels have banked with our team for over 10 years, so when they needed financing to buy out a long-time partner, they knew where to turn. Once we started working together on their request, our speed and flexibility reinforced they made the right decision. “Other banks would have asked for a ton of additional materials and taken their time,” Jack explains. “Gateway was fast and easy to work with. There was no drama, minimal requests for more information, and they were flexible with us on the terms.”
The Kannapels also appreciated Gateway’s trust in them and willingness to help. “Gateway approaches financing from a logical perspective. They aren’t constrained by an irrational fear of not getting paid back,” Jack says. “They’re also a great resource for other business and legal matters, not just banking. They got us in touch with the right people to answer complicated questions. It was so helpful.”
Not only do we trust the Kannapels, but we’re also thankful they trust us too. Ski Pro has been the Valley’s go-to ski and snowboarding shop for almost 40 years, and we’re excited to watch their continued growth!