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Business Plus Checking Account
For companies of all sizes, here's an account that allows you to manage your finances as effectively as you manage your business. Because it's designed to accommodate your busy schedule, with easy access to your account through 24-hour PC and telephone banking, our unique Business Plus ATM Cards (one for you and one for your employees), or at any of our 90 full-service branches across the state.
You and your accountant will appreciate our clear, organized statements, available daily, weekly, biweekly or monthly. And you'll enjoy extra savings through an earnings credit on your average account balance -- which can offset or even eliminate service charges.
Commercial Loans and Lines of Credit
Whether you need to finance an expansion or generate working capital for day-to-day company expenses, People's offers a wide array of credit lines and loans to help you reach your business goals. From short-term loans to long-term revolving credit. And since we make our lending decisions locally, you'll always get a quick answer on your credit applications.
Whether your looking to purchase a new building or expand an existing site, People's can provide long-term financial for commercial real estate projects.
Come to us for financing on retail stores and shopping centers, office and industrial buildings, research and development facilities, residential development and mixed-use properties. We offer a variety of financing programs tailored to fit your needs, including permanent, fixed-rate, flexible-rate, long-term amortization and Prime-based loans.
Employee Benefit and Trust Services
When you're looking for a trusted financial partner to provide expert consultation, trust administration, investment management and participant record-keeping for your qualified retirement plan, you can rely on People's.
Our employee benefit specialists have the depth and breadth of experience to handle virtually any type of plan, including pension, profit sharing, 401k, Keogh, Employee Stock Ownership Plans (ESOPs), IRA Trusts, Master Trusts and Secular Trusts.
People's Business Women's Center
Founded in 1995 by People's Bank, the Women's Business Center provides financial assistance to women-owned companies doing business in Connecticut.
Since then, we've helped over 400 individuals to either start new businesses or build existing ones into more successful operations.
For more information, send us an E-mail or call us at 203-338-4770.
Small Business Services
In May, 1993, People's Bank created the Community Lending Department within our Commercial Banking Division to provide better services for small and minority-owned businesses.
People's Community Lending Department utilizes a team approach to serve the needs of Connecticut's small and minority-owned businesses. People's approaches the loan process differently than most other lending institutions - we do everything possible to approve a loan, even if your business has been turned down by another lending institution.
The department, in partnership with the Small Business Administration (SBA), the Connecticut Development Authority (CDA), the Connecticut Minority Business Development Center and cities throughout the state, provides a number of programs to help companies expand.
People's even received the prestigious Eagle Award from the SBA as the "best 7a lender in Connecticut". The 7a is one of the SBA's most common loan types.
Our Community Lending Department offers: term loans, lines of credit, cash management services, letters of credit, short-term notes, working capital loans, equipment loans, commercial mortgages and SBA loans. The maximum loan amount offered is $250,000.
To find our how People's C ommunity Lending Department can help your small business, contact your local People's branch or call our Community Lending Department at 203-338-7141.
With People's Cash Management services, you can enjoy a comprehensive array of basic, high-quality, competitively priced services that will add value to the way you bank. People's Bank is large enough to be a significant provider of quality Cash Management services, but small enough to give you the attention and service you need and deserve.
Collection and Concentration Services
Lockbox Services include both manual and automated optical character recognition processing.
Electronic Depository Transfer Services allow you to move money into your People's account easily on an overnight basis, even if we do not have a branch nearby. You can initiate your transfers through a toll-free phone call or by using our PC-based software.
Wire Transfers are handled easily through our system, which in on-line to the Federal Reserve system. We also offer personal computer-based initiation of your transfer instructions for greater security and lower costs.
Preauthorized Electronic Debits allow you to collect payments if your company is in a consumer-oriented business. We offer a variety of easy input methods. These transactions can even be set for totally automated generation.
Balance Reporting gives you easy access to information about your account, including detailed debit and credit information. We can provide this information through your PC, telephone, or FAX.
Account Reconciliation Services are offered through our state-of-the-art DISC bank account reconciliation system. You can choose partial or full systems, and select magnetic tape or computer disk for your paid item information. Our special Check Safekeeping Service offers you a discount on check charges, and delivers your monthly statement faster.
Subaccounting features are also available, to reduce the number of accounts you need to maintain and reconcile. A new service enables you to track individual deposits from multiple locations while depositing to a single account.
Zero Balance Accounting can relieve you of the burden of making routine transfers between your accounts.
Disbursement Services
Controlled Disbursement is available with or without People's Overnight Investment Services. Since we receive a single Federal Reserve cash letter presentment each day, there is never any "guestimating" about your account.
Direct Deposit of Payroll offers a variety of options, and we'll provide participating employees with a package of employee banking services through our PaycheckPlus plan.
Overnight Investment Services provide unlimited check-writing on your commercial checking account, while the remaining balances are earning money market interest rates.
International Services
People's Bank offers the following essential International Services:
If your business entails international trade, People's has the flexibility and experience to meet your specialized business needs. Regardless of your level of experience with international transactions, our personalized approach can be valuable in improving your operation performance in international business.
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