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Business Checking Accounts | Reorder Your Checks | Business Savings Accounts | Business Loans
Business Checking Accounts
The increased FDIC deposit insurance limits up to $250,000 per depositor have been extended through 2013.
You deserve a bank that knows its business and yours! We offer several options for our business customers to make your money work smarter for you.
All Business Checking Accounts include the convenience of free Internet banking, free Internet bill paying, free 24-hour telephone banking and an easy-to-read monthly statement. For complete account details, contact our Customer Service Representative at 1.888.PATRIOT(728-7468).
ALL BUSINESS CHECKING ACCOUNTS FEATURE THE ADDED CONVENIENCE OF:
- NO Minimum Average Balance Requirement*
- NO Cash Handling Fees
- BusinessAccess MM Savings Account**
- FREE Patriot National Bank Debit Card for those who qualify
- FREE Notary Service
- FREE 24-Hour Telephone Banking
- FREE Online Banking and Bill Pay
- Overdraft Protection through Linked Savings***
- Overdraft Line of Credit for those who qualify
*Business customers must maintain a $2,500 average daily balance in Better Business or BusinessAccess Checking to qualify for special yields on BusinessAccess MM Savings deposits.
**Available only with a related Business Checking Account.
***Overdraft protection is limited to 6 transfers per statement cycle.
Patriot Better Business Checking provides the services you need as well as the rewards that recognize your value as a Patriot customer. Ideal for businesses with moderate transaction volume.
IN ADDITION TO ALL ACCOUNT FEATURES, you get:
- NO Monthly Maintenance Fees
- 100 FREE Monthly Debit Transactions*
A minimum of $500 is required to open this account.
*Over 100 debit transactions will incur a $.50 per item charge. Patriot National Bank does not charge fees for deposited checks or credit transactions.
Patriot BusinessAccess Account is recommended for small to medium-sized businesses with rate rewards for those who maintain larger balances and have higher transaction volume.
IN ADDITION TO ALL ACCOUNT FEATURES, you get:
- Affordable monthly and per item service charges*
A minimum of $500 is required to open this account.
*The service charge for a commercial checking account is determined through account analysis using the average collected balance. Fees are accumulated during the monthly statement cycle and may be offset by an earnings credit.
Remote Deposit for Business Checking allows business customers to quickly and safely make electronic deposits directly from their desktop into their bank accounts, saving time, travel costs and check processing. You also gain the convenience of extended deposit cutoffs, faster notification of returned items and control of multiple Accounts Receivable locations. Click here to see our video that explains how Remote Deposit for Business Checking works or follow this link to request more information.
Patriot National Bank is participating in the FDIC’s Transaction Account Guarantee Program which has been extended to December 31, 2012. Under this program all transaction accounts earning 0.25% or less are fully guaranteed by the FDIC for the entire amount in the account. Coverage under this program is in addition to, and separate from, any other FDIC coverage.
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Reorder Your Checks
Click the link below to order (or reorder) business checks directly from Deluxe check printers. You will be routed to their secure website and guided through the ordering process with the ability to adjust quantity and change check design if needed. Checks will be delivered directly to your front door!
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Business Savings Accounts
Increased FDIC Insurance Limits now protect up to $250,000 per depositor.
The appropriate savings vehicle for your business is dependent upon many variables such as cash flow, your investment objectives, your ability to tie up funds for extended periods of time and your business plan. Contact your Patriot business banker to recommend the savings plan that makes sense for you, toll-free at 1.888.PATRIOT(728-7468).
Business Statement Savings Account is a higher rate traditional liquid, interest-bearing account that requires a minimum $100 deposit. There are no limitations on withdrawals. Interest is compounded daily and credited monthly to your account.
Business Money Market Account is a highly liquid, interest-bearing account designed to help any level of small business maximize cash flow. As your business and deposits grow, so does your rate of interest (compounded daily and credited to account monthly). Initial minimum deposit of $2500.
Business Loans
We strongly believe that "one loan does not fit all". We're happy to tailor a secured or unsecured loan to your specifications. Our business lenders have on average 20 years of on-the-job experience understanding business goals and objectives. Each branch has a local decision maker and the ability to expedite the approval process. Call your local branch or Mr. James Jakubek , SVP/Lending at 203.252.5967 to find out how we can best design a loan for you.
We offer:
Business Mortgages for financing the acquisition or refinance of investment properties, including 1-4 family non-owner occupied homes, as well as improvement or expansion of an existing facility.
Construction Lending with a full array of financing packages and experts to "build" the right loan for you without endless red tape. We are leaders in developing innovative packages for builders throughout Connecticut and New York.
Term Loans may be used to finance capital improvements or business acquisitions, long term growth initiatives or for the purchase or refinance of machinery, equipment or vehicles. Our terms are flexible, our rates competitive.
Revolving Lines of Credit are a flexible way for you to use funds for short term credit needs and to repay on a schedule that works for you. This credit vehicle is also available to business executives.
SBA (Small Business Administration) Loan is another tool we provide to help grow and manage small businesses. Longer terms and lower rates mean less stress on one's operating account. These government-guaranteed loans are suggested for businesses that may not meet standard cash flow or collateral requirements of other types of loans.
We offer:
7a Loan can be used for any business purpose such as construction or renovation for owner-users, business acquisition, refinancing existing debt, equipment purchases, working capital or inventory.
504 Certified Development Company Loan provides growing businesses with term, fixed rate financing for land, building, expansion expenses, machinery, and equipment.
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