Your Business Banking Toolbox
09/24/2024
Your Business Banking Toolbox
People often wonder how the right business banking products can prepare their small business for operation. Equipping yourself with the right products helps in so many ways! Business banking is designed to make sure that your business has all the tools it could possibly need in order to be prepared to do business.
Like personal banking, business banking services are tailored to the specific needs of businesses. Businesses need to be able to pay employees, take out loans for equipment and real estate, and have access to higher limit credit cards. In response, banks will often provide all the necessary services small businesses need in order to securely and efficiently take care of these needs. Let’s look at the wide variety of business banking products and services banks can provide for small businesses.
Deposit Accounts Businesses often need to handle a much higher volume of transactions. Also, they usually need access to night depositories, physical checks, bill pay services, and a connection between their accounts and money management software. These deposit accounts come with access to online and mobile banking so a small business owner can keep track of their transactions in real time.
Check out The Savings Bank’s full array of business accounts here: https://www.thesavingsbankohio.bank/business/business-accounts
Loans. Banks will often offer a wide variety of commercial loans that can help businesses with the costs of operation. These loans include commercial real estate loans, equipment and machinery loans, operating loans, lines of credit, and business term loans. Equipment and machinery loans can be helpful if a business is looking to upgrade or fix expensive machinery. And real estate loans may help a small business acquire a bigger or more upgraded space.
Learn more about business loans offered by The Savings Bank here: https://www.thesavingsbankohio.bank/loans/business-loans
Accepting and Making Payments. Accepting and making payments is one of the most important things businesses need to be able to do efficiently and accurately. Software that aids with functions like remote deposit capture, sending and receiving ACH and wire transfers, and secure credit card payments are absolutely essential. These functions are also available 24/7 so that businesses owners have complete control anytime, anywhere.
Learn more about the SmartBusiness Suite offered by The Savings Bank that includes many of these functions here: https://www.thesavingsbankohio.bank/business/smartbusiness-suite
Credit Cards. Businesses have unique needs when it comes to credit cards in comparison to your everyday consumer. They usually require a higher limit and added security because business credit cards can often cover large expenses like materials or labor costs. Furthermore, added security is often required to account for employee use and possible fraud.
Learn more about The Savings Bank Business Credit Cards here: https://www.mycommunitycc.com/AVli515jfI9W/business
The right business banking tools are essential to making sure your small business is prepared and ready to succeed. The Savings Bank is ready and able to help you with your small business. Contact us at 1-800-582-2265 to connect with our Business Relationship Banker today!
Member FDIC.
Loans subject to credit approval.