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
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
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
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
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
Business Money Market
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
Certificates of Deposit
Features:
- $500 Minimum deposit to open
- Full range of terms available
- Penalty for early withdrawal may apply
Credit Cards
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
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
Simplified Invoicing powered by Autobooks
Features:
- Collect payments on the go, Mobile-Friendly, and easy to share.
- Trusted & Secure- Your customer’s data is protected through a secure payment process – giving both you and your customers peace of mind.
- Get paid faster with pricing made easy.
Bill Pay Service
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
Features:
- Help protect your business from loss associated with fraud
- Manage and monitor transaction posting and unauthorized transactions to your account
Remote Deposit Capture l RDC
Features:
- Make paper check deposits online
- Eliminate trips to the bank
- Reduce paperwork and waste
- Simplify processing, posting, and reconciling checks
Merchant Services
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.
Your Business Loan Options
SBA 7(a) Loan
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
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
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
Benefits:
- Preserving your cash
- Potentially eliminate the process for Bonding
Real Estate Financing
Benefits:
- Typical repayment is up to 20 years
- Fixed rate financing options
- Flexible payment options to fit your cash flow needs
Term Loans
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
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.