What bank do you use for your business?

[soloscaperman]

Just curious what bank you people are using for your business. I have People Business checking account for 2 years and they are great but I notice they are picky when it comes to loans.

[alldayrj]

Chase for checking and savings and an amex credit card
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[kandalawncaremgr]

I use the local community credit union. Great loan rates, great interest on my money.

[soloscaperman]

Yes even the lady at People's bank told me to go to a credit union bank for a loan lol. I tried to get a personal loan for a street bike and was denied with a credit score of 556 because I owed Planet fitness $900 (long story they basically charged me for so many years even though I used them for a few weeks my card got stolen so I got a new one and they keep charging me) and my hospital for my broken hand was $508 last July.

What is stupid is I have creditinform that tells you your credit score every month and they claim mine is a 615!!!!

[KeystoneLawn&Landscaping]

For checking I use a regional bank and other banking is done at a local credit union.

[Jimslawncareservice]

I have profinium for business and personal. And have an account set up for sales tax. We just got a new bremer bank and may check them out.
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[Jimslawncareservice]

Originally Posted by soloscaperman

Yes even the lady at People's bank told me to go to a credit union bank for a loan lol. I tried to get a personal loan for a street bike and was denied with a credit score of 556 because I owed Planet fitness $900 (long story they basically charged me for so many years even though I used them for a few weeks my card got stolen so I got a new one and they keep charging me) and my hospital for my broken hand was $508 last July.

What is stupid is I have creditinform that tells you your credit score every month and they claim mine is a 615!!!!

You do realize there are 3 different places that give credit ratings? Not everyone uses them all. Some do. Some use 1 or 2 of the 3.

I was turned down with a 696 score. Why? I have no idea.
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[Kelly's Landscaping]

Peoples solicited me for a loan from them. So I finally decide it would be a good idea and the banking industry collapsed the very month I went in with my application. Loved the way they turned us down we are sorry but we can not offer you a loan at this time because your gross sales are under $200,000. Now considering I had to provide tax returns and our last year at that time was $199,600 I found that denial to be a Little offensive. We went back years later with over 200k in sales and still got denied. I use them because they have supermarket locations that are open till 7 pm and they are open on weekends. But that is getting old 5 or 6 times this past year I went in their hours to find they took the day off for one make believe holiday after another. I will be researching remote deposit this winter and will likely make a switch. I like the idea of scanning the checks at the office and getting out of deposit slips and making time to get to the bank and stand in line.

[soloscaperman]

Originally Posted by Kelly's Landscaping

Peoples solicited me for a loan from them. So I finally decide it would be a good idea and the banking industry collapsed the very month I went in with my application. Loved the way they turned us down we are sorry but we can not offer you a loan at this time because your gross sales are under $200,000. Now considering I had to provide tax returns and our last year at that time was $199,600 I found that denial to be a Little offensive. We went back years later with over 200k in sales and still got denied. I use them because they have supermarket locations that are open till 7 pm and they are open on weekends. But that is getting old 5 or 6 times this past year I went in their hours to find they took the day off for one make believe holiday after another. I will be researching remote deposit this winter and will likely make a switch. I like the idea of scanning the checks at the office and getting out of deposit slips and making time to get to the bank and stand in line.

http://www.naugatucksavingsbank.com/ This might be your perfect bank. They are growing fast and I hear they hand out business loans like candy. I will be switching to them in March. They let you scan your checks at home or something which I like because I don't feel like driving to the bank even though it's not too far.

[clydebusa]

I have 4 different banks. To make a long story short if I do work for that bank I start an account with them. This has worked out really well. Since all of them are online it easy to access the funds.