BEACH BUSINESS BANK offers a variety of business banking services to meet the unique needs of your business. Our experienced team of banking officers will learn about your business and work with you to tailor products and services to meet your needs. Please contact us for additional information on any of our products or to make an appointment with one of our lending officers.
COMMERCIAL LINES AND LOANS
While this information may form the basis for a discussion of various credit accommodations, we do not intend to be committed to make credit available, unless we give you a written commitment.
- Commercial Loans
Commercial term loans are designed to finance the purchase of new or used equipment and machinery, leasehold improvements, or to finance an acquisition or execute a management buyout. Competitive, flexible terms are available.
- Lines of Credit
Designed to meet short-term credit needs, Business Lines of Credit provide financing to support growth and to mitigate sales seasonal fluctuations.
- Commercial Real Estate Loans
We provide long-term real estate financing, customized with flexible terms to meet your business needs. Funds from this type of financing are ideal for purchasing, building, upgrading your existing facilities or refinancing your existing property.
- SBA Loans
We specialize in SBA Loans for businesses. Our SBA lending specialists are experienced in helping small businesses get the financing they need to grow and expand. SBA loans can be used for many business purposes.
The SBA 7(a) or SBA Express Program provides working capital to support business expansion, or start a business. The SBA 504 Program helps businesses purchase an owner-occupied office building, warehouse or distribution center.
Businesses may also qualify for a revolving line of credit to cover periods of fluctuating cash flow. Contact us for more information on the various SBA programs and how a SBA loan would benefit your business. You may also visit the Small Business Administration website at www.SBA.gov.
We can meet your leasing needs by offering a referral to a leasing company that has combined the resources and capacity of a lease broker with the control and service of a direct lender to provide you the most convenient and competitive lease programs. They can finance both traditional and non-traditional borrowers, and can offer flexibility in pricing, terms, equipment types, and programs. For further information or to request a referral, please contact us at [email protected].
- Business Credit Cards
We offer business credit cards for your business to facilitate purchases by yourself and authorized employees. Plans are available that include mileage benefits if desired.
» PERSONAL FINANCIAL STATEMENT
» SBA APPLICATION FOR BUSINESS LOAN
All of our deposit products are FDIC Insured up to $250,000 per depositor. In addition, funds held in a noninterest-bearing transaction account are insured in full by the FDIC through December 31, 2012. You may estimate your coverage here.
- Checking Accounts
We offer both interest bearing and non-interest bearing business checking accounts, as well as an analyzed checking product that allows you to partially or fully offset service charges through the maintenance of balances. All checking accounts provide unrestricted access to your funds by check, debit card, and electronic payments from anywhere in the world. Our interest checking accounts offer a competitive rate of interest.
- Money Market Accounts
Our Money Market account provides a competitive rate of interest and the ability to make a limited number of payments to third parties.
- Savings Accounts
Our traditional Savings account provides interest and a secure way to hold funds that you may need on short notice.
- Certificates of Deposit
Fixed rate Certificates of Deposit are available from 30 days to as long as 60 months.
- Retirement Accounts
A SEP-IRA combines the advantages of a qualified plan with the simplicity of a Traditional IRA, and allows you as an employer to provide an attractive benefit to your employees. Each employee establishes their own Traditional IRA, and the employer then makes tax-deductible contributions to the employee’s IRA. There are certain eligibility and participation requirements that must be met.
» OPEN AN ACCOUNT
CASH MANAGEMENT SERVICES
» VIEW A DEMO OF OUR ECORP PRODUCT
- eCorp Online Banking Product
Securely access your deposit and loan information anytime and from anywhere you have access to the Internet. Access can be made available to your employees, and restricted to only the accounts and specific functionality that you designate. Limits can be set for certain functions, and approvals by authorized employees can be required if appropriate to your business. Functionality includes:
- Check account balances and transactions on all accounts, including intra-day transactions scheduled for posting;
- Download transactions into accounting systems;
- Review, print, or save check images and copies of statements;
- Transfer funds between your accounts both internally and those held at other banks;
- Pay certain state and federal taxes;
- Originate outgoing wire transfers for same-day payment to third parties;
- Receive and pay bills through our Bill Pay service;
- Initiate a stop payment order on unpaid checks.
- Image Deposit
Deposit checks to your accounts from the convenience of your own office. Scanned images of your checks are securely transmitted to the Bank, and an electronic receipt is returned to you within minutes. This service provides enhanced funds availability and eliminates the time and expense of couriers or driving your deposits to the Bank.
- ACH Debit Origination
Streamline your accounts receivable process and maximize collections by setting up one-time and recurring payments from your clients. Payments can be set up individually or NACHA-formatted files can be uploaded for processing.
- Courier Service
Cut back on time-consuming trips to the bank while effectively reducing security risks. Couriers can pick up and deliver your deposit to the Bank on your schedule.
- Merchant Card Processing
Let your clients pay with credit or debit card at your location, online or over the phone. It’s an easy and secure way to get payments quickly, and add convenience for your clients.
- Night Depository Service
We offer night depository service in certain locations to accommodate after-hours deposits.
Fraud Prevention Services
- ACH Credit Origination
Minimize the time and expense involved in writing paper checks. Pay your employees and suppliers electronically by using ACH (Automated Clearing House) transactions. Payments can be set up individually or NACHA-formatted files can be uploaded for processing.
- Business Bill Pay Services
Streamline your accounts payable process by receiving bills online and paying them through our Business BillPay service. Accessed securely from within our eCorp Online Banking system, you can review and pay your bills anytime from anywhere you can access the internet. Over 300 companies can provide electronic bills through this service, and the list is growing every day. View a demo of our Business BillPay service here. (link to Small Business Bill Pay demo)
- Beach Business Bank Debit Card
Eliminate the need to carry checks with you. Your Beach Business Bank Business Debit Card provides 24x7 access to your funds anywhere in the world that VISA is accepted. Debit cards can also be made available for employee use if needed.
- Zero Balance / Sweep Accounts
Simplify your company’s finances by centralizing all of your deposits into one master account, and let us automatically sweep funds into disbursement accounts as checks are presented. This service can also be used to maintain a minimum or maximum balance in certain accounts by sweeping funds to or from other accounts.
- Positive Pay
Protect your business – and your account balance – by minimizing the risk for check fraud. Securely upload your check-issues to the Bank, and we will compare the check number and amount of all checks being presented for payment. Any discrepancies are provided to you electronically to decide whether you want to pay the check or return it. eCorp access is required.