What are the Best Bank Offerings to Small Business?

The best small business bank offers include a host of financial products and services to small businesses including:

Telephone and Online Banking

One of the most useful tools that banks can extend to a small business is accessible telephone and small business online banking services. Small business owners have the flexibility to access their accounts anywhere and at any time. Additionally, small businesses can avail of the myriad of online business tools, including e-statements, wire transfers, paying bills and making online payments. Having information available at your fingertips is an invaluable tool because it provides you with quick, efficient service.

Credit Cards

The best banks offer small businesses debit and credit cards, limiting the need to physically visit a bank. This can save time and therefore, money. All credit and debit card transactions are secure, with most banks being liable by law to safeguard customer financial, business and personal information.

Loans and Financing

The bank primarily funds the growth of a small business by financing its development. Many banks offer small business bank loans and variety of loan packages designed specifically to meet business needs. They may include asset-based financing, lines of credit, letters of credit and floor planning. Depending on the business entities need, new loans and financing can provide the springboard for growth and expansion.

Other benefits for small business bank offers to small businesses include insurance coverage extended to protect a small business owner and employees (Key person insurance, Group Benefits Plan, Life and Living Benefits Insurance), insurance coverage extending to the small business (Liability Insurance, Property Insurance) and any vehicles used by business employees (Auto Insurance).

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What are the Best Bank Offerings to Small Business?

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