Business Banking in 2023: Business Solutions, Loans & More!

Business Banking


3 min. read

By: FCU Team

For businesses of all sizes, financial management is crucial for growth and success. Florida Credit Union understands this, which is why we offer a variety of solutions to help businesses achieve their financial goals. From business accounts and loans to merchant services and mobile banking, FCU provides businesses like yours the tools they need to streamline operations and manage finances with ease. Use this blog as your comprehensive guide to our credit union’s offerings to help you take the right next steps for your business’s future.

Business Checking Accounts

Choosing the right checking account is vital for your business's financial stability. At FCU, we offer two types of business checking accounts — Value Checking and Interest-Bearing Checking — each packed with features and safeguards to ease your financial worries.

For new and small businesses, our Business Value Checking account is an excellent option. This account is free of monthly maintenance fees, offering financial security without any additional expenses. For businesses that maintain a high balance and want to earn interest on their money, our Business Interest-Bearing Checking account is the perfect fit. This interest-bearing account offers multiple high-interest rate tiers starting at $10,000, up to $1,500,000, this allows your money to grow while benefiting from not only a wide range of free services but the easy access to funds when you need them most.

Business Savings and MMAs

Building a financial cushion to prepare for unexpected expenses or future business expansion is key for any operation. That's why we offer two savings options designed to meet your needs based on the balance you wish to maintain. With FCU, you can choose between a savings account for steady growth or a money market account for balances of $2,500 and up to ramp up your productivity.

Our business savings account is an ideal option for business owners looking to save steadily for future expenses or specific goals. If you want to earn a greater return on your savings, our money market account is the way to go. When you maintain a minimum balance of $2,500, you can enjoy higher rates than regular business savings accounts. Once you select the account that meets your unique needs, you can begin to build your cash reserve or plan for business expansion with confidence.

Business Loans, Lines of Credit and Credit Cards

When it comes to business loans, quick, local decisions with a variety of services and expert advice from business lenders are essential. Florida Credit Union offers options for companies of all sizes, and we pride ourselves in taking the time to listen to your unique business needs to help guide you toward the best solution. Our ability to create long-standing relationships with local businesses and deliver sound advice with a personal touch is what sets us apart. We offer a range of business loan options to help you grow your business. If you need a loan to purchase a business vehicle, we have you covered with our business vehicle term loan with a range of payment term options. For purchases of equipment needed to operate or grow your business, our equipment and machinery term loans are an ideal solution.

If managing inventory, expenses and cash flow is a daily trial for your business, consider a working capital business line of credit. With this option, you can access your credit line whenever funds are needed, enjoy competitive rates for peak season or long-term needs, and greater cash flow flexibility. We also offer business credit cards for maximum adaptability, with immediate, easy access to funds for unexpected expenses or everyday purchases. With low-interest rates and the ability to adjust your credit limit based on your unique situation, our credit cards can help you grow your business and meet your financial goals.

Business Solutions

In addition to account options designed to streamline business finances, FCU’s business solutions extend to also include convenience-driven services, including:

Merchant Services: A payment processing solution that allows your business to accept various forms of electronic payments such as credit and debit cards.

Employee Memberships: A benefit that allows your employees to become members and take advantage of the credit union's products and services.

Transfers & Payments: Transfer funds or make payments electronically, either domestically or internationally.

Online & Mobile Business Banking: A digital platform that provides businesses with access to accounts, transaction history, bill pay, and other banking services from anywhere at any time.

Dedicated Business Team: Our team of experienced professionals who work exclusively with business members to provide tailored financial solutions and personalized guidance.

Florida Credit Union: A True Partner for Your Business

We understand that every business has unique needs and challenges, which is why we offer a wide range of banking solutions tailored to meet those needs. If you're looking to start or grow your business, be sure to check out our Small Business Series, covering topics such as obtaining business licenses, preparing a business plan, and launching your business. We also invite you to stop by a branch or contact us to learn more about our business banking solutions and how we can help your business thrive.