week1-post2 Communities like those we serve every day rely on the success of local businesses, especially new ones, to keep the local economy moving forward. New businesses mean more people have jobs and income to spend within our community. As a community bank dedicated to helping our economy grow, Peoples Bank & Trust is here to support small business owners and entrepreneurs.  Anyone looking to start their own business has four primary needs:
  • A checking account designed specifically for their needs
  • A specific account to help their business save
  • Online services to help them manage their accounts and make payments
  • Funding for start-up costs like purchasing property, equipment and other essentials
Let’s take a look at the solutions PB&T offers, as well as the benefits of each of those solutions for local entrepreneurs.  A Checking Account: The Foundation to Your Finances The right checking account offers you a place to hold income and other funds to make important purchases. However, it should offer the access you need, as well as additional benefits for trusting the bank with your money. PB&T offers our Business Checking Account to local business owners.
  • You need just $25 to open an account
  • No monthly charges for companies with a balance over $300
  • Unlimited check writing
  • Check images printed on your statement
  • No service charges for transactions on checks, drafts, cash withdrawals, or electronic fund transfers.
  • Free debit card tied to account
This account is a perfect solution for start-ups, small and medium-sized businesses in our community.  Savings Accounts: Fall-Back Money Failing to save and prepare for future expenses or an emergency is preparing to fail. Having money set aside is vital to businesses, particularly small businesses that can’t afford setbacks. Our Business Savings Account offers an avenue to help you save:
  • Open an account for as little as $25
  • Earn interest as long as your balance is above $60
  • Make 18 withdrawals per quarter without being charged.
Small Business Services: Digital Services to Simplify Your Financial Management The right deposit accounts give you a place to store money, but what about managing it? That’s where business services like Online or Mobile Banking, Remote Deposit Capture and Merchant Card Processing come into play.
  • Online and Mobile Banking allows you 24/7 access to your business’ account information.  You can view account balances, transfer funds and pay bills all from your computer
  • Remote Deposit Capture keeps your focus on your work. It allows you to remotely deposit business checks from your business rather than have to drive to the bank, deposit them and drive back multiple times per week.
  • Merchant Card Processing gives you the ability to accept a number of different types of payments in addition to cash. This means your products and services are more accessible to more customers using debit cards, credit cards and other non-cash payment options. 
Commercial Loans: Vital Funding for Start-Up Costs Whether you need help purchasing property for your start-up, need funding for equipment or supplies, or need a line of credit to fall back on for your everyday purchases, PB&T can help. We are attune to the needs of new businesses, and our commercial lending team members are experts in creating a financing option for your exact need. Starting your own business is a monumental decision, but you don’t have to go through the process alone. Peoples Bank & Trust offers the right accounts and resources to ensure your finances are squared away. Get in touch with us today to see how we can help you!  Peoples Bank & Trust Co. Equal Housing Lender Member FDIC