Small Business Account

1. Small Business Account Every entrepreneur needs a small business account where they can monitor their business growth. As always, it’s essential to keep personal accounts separate from the professional: our small business account is just the product. Our small business account is designed to help you save and grow your revenue with its competitive rates and zero-maintenance fee options. As we emerge from a year of lockdowns and social distancing measures, small businesses need access to a bank that invests in their survival and success. Too often, at large financial institutions, the needs of small businesses are overshadowed by those of large corporations. But not with us. As a community bank, we exist to promote the vibrancy and growth of our local community. That means that small businesses–which are the key to healthy communities– are at the top of our agenda. When you open a small business account with us, you also get open access to our award-winning small business lending team. They will help you secure the loans you need to keep your business flourishing. If there was ever a time to see the value of our small business account–it was the pandemic. In 2021, we secured 360 PPP loans–valued at $86.8 million–for small businesses and nonprofits in the New York City area. These were loans they otherwise would not have received if they had gone to a larger financial institution. We make an effort to get to know our small business account clients, and when the time came, we were able to help them secure the loans they needed to weather the crisis. With each round of PPP lending, we have continued to support our small business account partners into 2021. And we will continue to do so after the pandemic. Beyond our work with the Payment Protection Program, we offer various small business lending products starting at $10,000. And we know that having easy and immediate access to your money is vital for any small business. That’s why we designed our small business accountswith flexibility and accessibility at the forefront. With remote deposit capture, our small business account allows you to manage cash flows from wherever you are. We also offer an online banking system and mobile app so that you can handle payments, transfers, and direct deposits on the go. Need more reasons to open a small business account with us? Check out our work with local New York City small businesses like Chelsea Restoration Project, Harlem Pizza Co., The Forward, and many others. Learn more about our small business accounts’ unique settings here. Contact us at 718-879-500 for more information.