Essential Financial Tools Every Small Business Needs

Running a small business is both an exciting journey and a challenging endeavor. Success often depends on having the right tools, especially when it comes to financial management. Whether you're just starting or planning for growth, choosing the right financial products can make all the difference. At Platinum FCU, we provide a range of financial solutions designed to empower small businesses. In this guide, we will walk you through some of the most essential financial tools that can support your business's success.

Empowering Small Businesses with Tailored Financial Solutions

1. Business Checking Accounts

   PFCU offers a variety of business checking accounts designed to meet the diverse needs of small businesses:

   • Professional Checking Account: Ideal for businesses maintaining a minimum average daily balance of $500 to avoid a monthly fee of $9.99. This account includes up to 100 free transactions per month and provides free mobile/home banking with text message alerts.

   • Cash Intensive Business Checking Account: Suited for businesses with high cash transaction volumes, this account offers up to $100,000 in cash/coin deposits and withdrawals per month without additional fees. It also includes unlimited check, ACH, debit, and teller transactions for a monthly fee of $64.99.

2. Business Loans and Lines of Credit

   Access to capital is crucial for business growth. PFCU provides several financing options:

   • Member Business Loan: Offers loans up to $100,000 to assist with working capital, equipment purchases, or inventory acquisition.

   • Business Line of Credit: Provides flexible funding up to $50,000, allowing businesses to borrow as needed and pay interest only on the amount used.

   • SBA 7(a) and Conventional Loans: PFCU offers SBA loans and conventional loans suitable for starting a new business or purchasing commercial real estate.

3. Business Credit Cards

   PFCU's Business VISA® Credit Card helps support everyday business expenses with competitive interest rates.

4. Digital Banking Services

   Manage your finances effortlessly with PFCU's digital banking solutions:

   • Online and Mobile Banking: Access your accounts 24/7, transfer funds, and monitor transactions.

   • Remote Deposit Capture: Deposit checks remotely, saving time and enhancing cash flow management.

Partnering for Success

At PFCU, we understand the unique challenges small businesses face. Our dedicated team is here to provide personalized financial solutions that align with your business goals. Whether you're just starting or looking to expand, we're committed to supporting your journey every step of the way.

Ready to elevate your business? Contact us today at 404-297-9797 or visit our website to learn more about our business banking solutions.