All the Ways We Help Your Business!
We offer the best in business banking services to meet the needs of our hard-working, local customers.
We are committed to listening to clients’ unique needs and tailoring our services accordingly. Because when it comes to business banking, our relationships with our customers are just as important as the services we offer.
Want the best choice for everyday Business Checking?
Because every business is unique, we have a range of checking accounts to suit your unique requirements. Especially ideal for when you are just starting out, you can always keep it simple with Free Business Checking. It is truly one of the best options out there, with no minimum balance requirement, no fees, and unlimited check writing. If you are a non-profit that is closely monitoring expenses and cash-flow, our Non-Profit Free Checking option is perfect for you. It’s simple to use, and uniquely designed for non-profits.
For larger businesses, we have a couple of great options. If you are using our Cash Management Services, our Cash Management Checking Account is the account for you. We only require an initial deposit of $100 and offer all the benefits you get with our other accounts. And if your bigger business regularly maintains a high balance and you’d like to get something back by earning interest, we offer our Business Interest Checking Account.
Looking for a savings account that fits the bill?
Mom & Pop establishments are prevalent in the Pioneer Valley and we encourage those small businesses to prepare for unexpected scenarios with one of our great savings accounts.
Our Statement Savings Account is ideal for small businesses, with a $10 opening deposit, free automatic transfers, and no closeout penalty. Get peace of mind without the fuss!
Larger businesses often appreciate the Business Money Market Account with a $1,000 initial deposit and higher interest rates. Like Statement Savings, the benefits include no closeout penalty, eStatements, and automatic transfer. And if you are looking to earn interest for terms from 3-48 months, our Certificate of Deposit (CD) Account will suit your needs.
Want to control your business’s funds as efficiently and effectively as possible?
No matter the industry or size of your business, we’ve got Cash Management options that will work best for you and your goals. With great rates and support, managing your business’ cash online is easy and secure. You can even combine multiple entities under a single profile, making it easy to manage fund. You can also designate different levels of authorization among users.
For bigger businesses, Positive Pay is ideal, as it provides insurance for your checks: You will receive a file and load it with all the checks you have issued. Any user who is authorized on that account can pay bills. We have also partnered with Checkwriters for many years, and we frequently connect our customers with them for assistance and support.
Interested in receiving assistance with credit card processing?
Florence Bank has been partnering with CardPay, a great local company, for 18 years to bring you comprehensive Merchant Services, support, and training. CardPay will initially meet with you one-on-one to determine which types of equipment and supplies you will need, and will thoroughly train you on set-up and usage, making sure you feel comfortable.
If you require support or assistance with processing cards, they will be there for you within 24 hours of your request. They also offer the lowest rates around, and will never oversell you, as they truly understand that everyone’s needs and goals are different!
Want to manage your business finances, on your schedule?
No matter where your business takes you, with our Business Online Banking, you can access your account at any time--day or night. You can also easily check balances, transfer funds, or pay bills - you can complete them all online at your convenience. Want to skip the trip to the bank? Deposit checks quickly and securely, right from your office using Remote Deposit Capture. Make the deposit by 7PM and your account will be credited immediately.
Another great service is Person-to-Person (P2P) Payments, which allows you to pay anyone, at any time, using an email address or cell phone number. It saves time and the hassle of writing a check or visiting the ATM. And finally, our Business Debit Cards are a great replacement for petty cash, and limits can be placed on cards to allow for each employee's duties.
Looking to purchase or refinance and need a great business loan?
If you are looking to grow your business and want to purchase or refinance commercial property, a commercial mortgage is a smart move. We understand the process can feel daunting, which is why we are here to answer your questions and support you at every step!
Our Small Business Loans offer quick turnaround, with terms up to 20 years. Our SBA Low Doc Program offers a streamlined loan application for loans of $150,000 or less. SBA 504 loans provide long-term, fixed-rate financing for small businesses. Or perhaps you are looking to build from the ground up or simply renovate? Our Construction Loans offer interest-only payments during the construction phase and the option to convert to a permanent mortgage.
In need of a revolving line of credit, just in case?
We advise all of our business customers, large or small, to prepare for financial snafus or surprises. Our Business Line of Credit (LOC) provides peace of mind for those unexpected scenarios.
For example, if you find yourself short on cash for payroll or to pay monthly invoices, simply access funds via your Line of Credit and pay it back when you are able. You can renew it annually, so it’s totally hassle-free and one less thing you have to worry about.
We offer a convenient, interest-only monthly payment, so there’s no rush to pay back the money you borrow from the LOC. When you want to make a transfer or payment, just give us a call and we will take you through the process in mere moments.
Some other great additional services we’ve always offered that might surprise you:
- We offer Night Drop, which is ideal for retail businesses who want to move cash out of their store, but need to drop it off after hours.
- All of our ATMs are “smart”, allowing you to deposit up to 30 checks at a time!
- We offer Notary and Signature Guarantee services with our accounts, so just drop by one of our many branches if you need a document notarized.
- Our Customer Choice Community Grant program is a great perk, as we donate up to $100,000 to local nonprofits every year, based on votes from our customers.
We know that every customer’s business is unique, with its own set of challenges and goals and we’re here to help--every step of the way. As a small, local bank that offers many of the same services that the bigger banks do, we can truly help you realize your dreams. After all, your success is our success.
Give us a call today to discuss how we can help your business grow and thrive with our great services!
Member FDIC | Member DIF | Equal Housing Lender