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BUSINESS

Work smarter. Not harder.

You’re an entrepreneur just starting out or a thriving business owner, your success is our top priority. Our goal is to help you leverage your assets and grow your business to create the impact and income you desire.

With our forward-thinking approach, we’re ready to help you accelerate and reach more customers, make the right investments, and achieve your vision.

Download our application and get started today!

Your Business Banking Options

Business Checking

Best For:

  • Growing businesses with the need for more comprehensive money management tools
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Features:

  • No Minimum Daily Balance Requirement
  • $5 Monthly maintenance fee
  • Debit and credit item charge per statement:
    • No charge for the first 0-50 debit and credit items
    • $.15 per debit and credit items over 50
  • Business Debit Card (Free when used on the MoneyPass ATM network)
  • Digital Banking
  • eStatements and eNotices
  • Earnings credit based on current market conditions
Small Business Checking

Best For:

  • Small businesses with simple money management needs
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Features:

  • No Minimum Daily Balance Requirement
  • Debit and credit item charge per statement:
    • No charge for the first 0-150 debit and credit items
    • $.15 per debit and credit items over 150
  • Business Debit Card (Free when used on the MoneyPass ATM network)
  • Digital Banking
  • eStatements and eNotices
Non-Profit Checking

Best For:

  • Non-profit organizations and clubs
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Features:

  • No Minimum Daily Balance Requirement
  • No item fees
  • Business Debit Card (Free when used on the MoneyPass ATM network)
  • Digital Banking
  • eStatements and eNotices
Business Savings

Best For:

  • Businesses looking for a simple solution
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Features:

  • $100 Minimum Daily Balance Requirement
  • $3 Monthly maintenance fee if below minimum
  • $3 Transaction fee for each withdrawal in excess of four in one month
  • Digital Banking
  • eStatements and eNotices

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Business Money Market

Best For: 

  • Businesses looking for higher rates
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Features:

  • Earn tiered competitive interest rates on your balance
  • $500 Minimum Daily Balance Requirement
  • $10 Monthly maintenance fee if below minimum
  • $12 Transaction fee for each withdrawal in excess of four in one month
  • Digital Banking
  • eStatements and eNotices

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Certificates of Deposit

Best For:

  • Businesses looking for more security with your savings with guaranteed rates
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Features:

  • $500 Minimum deposit to open
  • Full range of terms available
  • Penalty for early withdrawal may apply

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Credit Cards

Best For:

  • Businesses looking for ease and access to making purchases on the go and online while earning rewards with each purchase
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Features:

  • Free online expense reporting tools
  • No fee for additional employee cards
  • Mobile payment capability for added convenience
  • Zero Fraud Liability. You won’t be liable for fraudulent purchases when your card is lost or stolen
  • Cardmember Service available 24 hours a day/365 days per year

To learn more or apply today, Click Here

 

Treasury Management Services

Cash Management | ACH

Best For:

  • Businesses looking to move money quickly and easily
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Features:

  • Paying employees with direct deposit
  • Electronically collecting funds from customers on a scheduled basis
  • Bill collection (i.e., utility company, health club)
  • Vendor payment or collection
Remote Deposit Capture l RDC

Best For:

  • Business owners looking to improve cash flow and save a trip to the bank
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Features:

  • Make paper check deposits online
  • Eliminate trips to the bank
  • Reduce paperwork and waste
  • Simplify processing, posting, and reconciling checks
Merchant Services

Best For:

  • Business owners who would like to easily accept credit cards and electronic payments from customers
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Features:

  • Point-of-Sale systems, including wireless, mobile, and virtual terminals
  • Online and e-commerce solutions for recurring payments
  • Mobile payment acceptance and processing, including Smartphone and tablet applications
  • Alternative payment methods like gift cards and ACH
  • Data security measures to comply with the PCI-DSS standards

Pillar Bank is proud to partner with Wind River Financial, a Wisconsin-based, family-owned payment acceptance, and processing company, to provide a complete array of merchant services to our business customers.

Bill Pay Service

Best For:

  • Businesses looking to save time, and money and eliminate late fees from happening with our easy online bill pay option
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Features:

  • Seamless, easy set up for recurring monthly payments online
  • Get the reassurance of knowing that your money is going to the right place, on time
  • Save time and money by eliminating the checks and stamps each month
  • Access your money and pay your bills anywhere, anytime
Positive Pay Service | ACH Plus

Best For:

  • Businesses looking for protection from fraud and unauthorized transactions on their account
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Features:

  • Help protect your business from loss associated with fraud
  • Manage and monitor transaction posting and unauthorized transactions to your account

Your Business Loan Options

SBA 7(a) Loan

Best For:

  • Businesses wanting to finance equipment, permanent working capital, acquisitions, expansions, and eligible debt refinances
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Benefits:

  • Provides assistance to small businesses with government-backed loans
  • May allow for lower down payments or longer repayment terms compared to conventional loan terms
SBA 504 Loan

Best For:

  • Businesses looking to finance major fixed assets such as land, buildings, leasehold improvements, fixtures, and equipment through a long-term fixed rate option
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Benefits:

  • We work with local community development companies (CDCs) to ensure an effective and efficient process
  • The typical structure of a 504 loan package includes a first mortgage for 50% of the project, an SBA second mortgage for up to 40% of the project, with as little as 10% down required from your business
SBA 7(a) Express Loan

Best For:

  • Businesses looking for funding of working capital and inventory of up to $350,000 with terms up to seven years
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Benefits:

  • Revolving line of credit needs
  • Designed to be a streamlined process with reduced documentation
  • Can be a faster approval than the regular SBA 7(a) Loan
Letters of Credit

Best For:

  • Businesses looking to facilitate payments between vendors, suppliers, and customers
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Benefits:

  • Preserving your cash
  • Potentially eliminate the process for Bonding
Real Estate Financing

Best For:

  • Business with a plan to purchase new land and buildings, complete leasehold improvements, build new facilities, or refinance debt
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Benefits:

  • Typical repayment is up to 20 years
  • Fixed rate financing options
  • Flexible payment options to fit your cash flow needs
Term Loans

Best For:

  • Businesses with capital requirements who want to take advantage of opportunities that enable growth, whether that means purchasing long-term assets or expanding through acquisition
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Benefits:

  • Easy-to-budget fixed payments with amortization of up to seven years
  • Fixed rate financing options
  • Flexible payment options to fit your cash flow needs
Working Capital Loans

Best For:

  • The emerging business, seasonal business, or business looking to smooth out cash flow cycles
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Benefits:

  • Borrow, re-pay, and reborrow funds throughout the term of the loan
  • Credit lines are available to complement your cash flow needs
  • Various loan programs available that offer flexible repayment terms with payments made monthly, quarterly, or annually to correspond with the timing of your cash flow

Call or email us to see which option is right for your business.

Contact Us