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The Berlin City Bank LogoBusiness Services

 

We all benefit when local businesses succeed.

And at BCB, we have the financial tools to help you do just that.

 

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Business Services

We at The Berlin City Bank understand the banking needs of the North Country business community.  We know folks around here have a different way of working, a more personal way of doing business.  After all, we've been doing business ourselves in this part of the state for more than 100 years.

Because of our North Country business experience, we've been uniquely able to design a package of commercial banking services that are useful, affordable and-importantly-flexible enough to be tailored to the specific needs of your company.  From the simplest transaction account to more complex electronic banking services, our goal is to make everything run smoothly for you.

That way you can spend less time worrying about your banking and more time doing what you do best: running your business.

 

Business Checking Account

        Our Commercial Checking Account is designed to provide you with the  utmost 

convenience in day-to-day banking while at the same time minimizing your banking 

fees.  Each month you will receive an Earnings Credit (based on your account 

balance) which can offset your transaction fees. And, of course, your Commercial

 Checking Account is insured to the maximum  amount allowed by the FDIC,

 providing you with  complete  peace of mind.

 

Available to: All types of businesses.

Interest: N/A

Minimum Balance to Open: $100.00

Monthly Maintenance Fee: $6.00

Item Charges: $.10 for each check deposited; $.15 per check that is paid; $.15 per deposit

Earnings Credit: An Earnings Credit will be applied against the item charges and the monthly maintenance fee.  If the Earnings Credit is greater, there will be no item charges and no maintenance fee charged to the account.  Ask a customer service representative about our current Earnings Credit rate.

 

Statement: You'll receive monthly account statements which will be accompanied by item "images" (12 images per page).

Check Cost: Your business assumes the cost of checks and accessories ordered.

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Business NOW Account

Depending on the type of your business, you may be able to take advantage of our Business 

NOW Account, earning interest on your checking funds.

 

Available to: Sole proprietorships, non-profit organizations and non-profit corporations.

 

Interest: As long as you have a minimum $1,500.00 balance in your account each day, you'll earn a competitive variable interest rate that may change at any time at the bank's discretion.

Minimum Balance to Open: $100.00

Monthly Maintenance Fee: $5.00 if the average daily collected balance for the statement cycle falls below $500.00.  If the average daily collected balance is $10,000 or  greater, however, the monthly maintenance fee (and all item charges) will be waived.

 

Item Charges: 50 transactions at no item cost during the statement cycle; $.05 thereafter for each check deposited; and $.15 thereafter for each check paid.

 

Compounding and Crediting: Interest is compounded every day and credited to the account monthly on the last day of the statement cycle.  Interest will not be paid if the account is closed before interest is credited.

Balance Computation Method: Daily Balance Method

Accrual of Interest on Non-cash Items: Interest begins to accrue on the first business day after the banking day on which non-cash items are deposited.  Cash deposits are credited on the same business day they are deposited.

 

Statement: You'll receive monthly account statements which will be accompanied by item "images" (12 images per page).

Check Cost: Your business assumes the cost of checks and accessories ordered.

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Money Market Account

A Money Market Account allows you to earn a higher rate of interest on excess funds which

your business generates, but does not need to access immediately.  This is a limited transaction

account (per federal regulations).

 

Available to: All types of businesses.

 

Interest: As long as you have a minimum $1,000.00 balance in your account each day, you'll earn a competitive variable interest rate that may change at any time at the bank's discretion.  In addition, this account is "tiered", so you can earn a higher interest rate as your balance grows.

Minimum Balance to Open: $1,000.00

Monthly Maintenance Fee: $5.00 if the average daily collected balance for the statement cycle falls below $1,000.00.

 

Item Charges: N/A.  However, there is a $10 per check fee for transactions in excess of federal  regulations.  Please ask us for details.

 

Compounding and Crediting: Interest is compounded every day and credited to the account monthly on the last day of the statement cycle.  Interest will not be paid if the account is closed before interest is credited.

Balance Computation Method: Daily Balance Method

Accrual of Interest on Non-cash Items: Interest begins to accrue on the first business day after the banking day on which non-cash items are deposited.  Cash deposits are credited on the same business day they are deposited.

 

Statement: You'll receive monthly account statements which will be accompanied by item "images" (12 images per page).

Check Cost: Your business assumes the cost of checks and accessories ordered.

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Certificates of Deposits

Our Certificates of Deposits (CDs) offer your business the maximum amount of FDIC

insurance allowed, plus competitive interest rates an flexible terms. In fact, you have the

option of selecting the exact term of maturity based on your cash needs or desired return.

CDs are available with any maturity from 7 days to 5 years.

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Electronic Banking Services

Through NEACH (New England Automated Clearing House), our business customers

are able to originate transactions electronically to improve funds management and increase

efficiency.  Many businesses can lower their cost of processing payroll and other direct

payments by producing these types of transactions electronically.

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Wire Transfers

A Wire Transfer lets you transfer funds from one bank to another through the Federal Reserve

 System.  Because the transferred funds are considered immediately available, wire transfers are

the fastest, most reliable way to transfer funds from one location to another.

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MasterCard Merchant Services

If your business accepts credit cards, our MasterCard Merchant Services can significantly

shorten the time required to process purchases and can minimize delays you could face waiting

for receipt of customer payments.

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Business Loans

When it comes to commercial loan services, many banks simply can't respond quickly enough to customers' needs.  But our local focus and streamlined decision-making process allow us to be far more responsive and offer a higher level of personal service.  And because we're North Country people ourselves, our experienced staff takes an active interest in the well-being of your business.

For example, you'll find that we work hard to be able to say "yes" to every loan application we get and are flexible when it comes to looking for a way to make a loan work.  We routinely look beyond the financial statements to understand a company's real strengths and needs and to help satisfy those needs.

We believe that local businesses should be able to take advantage of every business opportunity that arises, so we've designed a wide range of commercial loan services to provide your business with the tools to prosper and grow.

 

 

 

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Term Loans

We recognize that a company's growth often depends on its ability to acquire working

capital.  Whether you need funds for new equipment, leasehold improvements or other

reasons, we can help put together a flexible, creative solution to your financial requirements.

We'll do our best to learn the intricacies of your business, then customize a term loan, taking 

into consideration your business cycle, seasonal influences and other factors that put a strain

on your cash flow.

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SBA Guaranteed Loans

Loans guaranteed by the Small Business Administration (SBA) offer many businesses greater

borrowing options and potentially better terms.  The Berlin City Bank has a long history of 

active involvement with the SBA.  In fact, we are one of New Hampshire's leading SBA 

lenders.  As a preferred SBA Lender, we have the authority to approve the SBA guaranty-

which means our customers can benefit from faster turnaround time and a more streamlined

SBA application process.  Using our authority to provide an SBA guaranty, we are able to

provide three-day approval on most loans of this type.

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Lines of Credit

When you have a short-term need for cash, our Line of Credit offers a ready source of 

funds.  This convenient, flexible credit option gives you quick access to the money you

need for discount inventory purchases, to meet payroll demands when cash flow is tight,

or to take advantage of unforeseen business opportunities.

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Real Estate Loans

We provide commercial real estate loans for a variety of purposes:  construction of new or

expanding business facilities, mortgage refinancing, office condominium financing and more.

In every case, we work diligently to ensure fast turnaround on approvals and expeditious

completion of the transaction, eliminating costly delays or expense.

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Letters of Credit

We can arrange for a Letter of Credit if your business is required to guarantee performance,

contract payments or payment of material or inventory.

 

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