At first, it can be a little overwhelming when you’re trying to get your business off the ground. MIDFLORIDA Credit Union can help in those beginning stages for small businesses and also offer assistance as they grow.
With a network of 60+ locations throughout Florida, convenient 7 a.m. - 7 p.m. drive-thru banking + no cut-off times for deposits, these are only a few of the perks of doing your business banking with MIDFLORIDA.
Here are 7 tips for small businesses from their local finance pros:
Contact a business banker
MIDFLORIDA’s team of experienced business bankers can help grow a business with the right financing and banking advice no matter what stage the business is in.
Get a business credit card
The best way to keep track of all business expenses is with a business credit card. With affordable rates + low/no annual fees, a line of credit gives a business the flexibility to increase cash flow or transfer funds easily as needed.
Utilize business checking + savings accounts
MIDFLORIDA offers 4 different business checking/savings accounts to help find the one that best fits a business’ specific needs. Whether a business is entry-level, already established, or even a non-profit, they can choose between:
- Free Business Checking
- Business Checking With Interest
- Freedom Business Checking
- Non-profit Checking + Business Savings
- Business Money Market
- Extreme Business Savings
- Non-profit Savings.
Learn more about each plan and compare their benefits here.
Outsource payroll services
Teamed with Paychex®, MIDFLORIDA offers an affordable, full-service option to outsource employee payroll. Several convenient features include easy payroll reporting (via phone, online, or mobile app), human resources assistants, and retirement services including 401K plans.
Explore commercial mortgage loans
Commercial real estate loans offer fixed rates and no surprises about monthly payments. Businesses have the option to purchase or refinance based on flexible terms for both owner-occupied and investment properties. Additionally, they can choose to make interest-only payments to preserve the business’s earned money and maximize cash flow.
Look into equipment and vehicle loans
Establish a loan for a fleet of new or used company cars (or just one, if that’s all you need). Equipment loans can help businesses get the tools they need to run their business without sacrificing credit lines.
Get assistance from Treasury Management
Wire transfers, business remote deposit capture, and fraud protection make managing a business’s cash flow easier. Safely pay vendors or view accounts with these money-management services. For Corporate Treasury and Cash Management customers needing assistance, call (800) 275-4229 or send an email.
Looking for more resources? Visit a branch or contact a business banker for help with growing your small business. Ⓟ
*Insured by NCUA. Payroll services are provided by Paychex, Inc.
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