Three Ways Credit Unions Can Help Your Small Business

Do you own a small business?  Keeping your business open is the main goal, but have you ever thought of a credit union to help you do just that?  Credit unions are local, but are not too small to help your small business.  Small businesses are the backbone of our community and credit unions understand that.  Here are three ways that a credit union can help your business achieve financial success:

1. Business Checking options that do more!  Many credit unions offer checking accounts for businesses that are more than your basic checking account.  For example, Honor has a business checking account that has no minimum balance, a free debit card, and extra e-services to help you manage your business’s checking account better.  Another type of business checking account that many credit unions, like Honor, offer even earns the business interest! 
2. Business Loans with flexibility!  When many business owners think of a business loan, they think of a bank.  It’s time to start thinking differently!  Credit unions can offer business loans with many of the same features as banks, but often with lower interest rates and more flexibility!  Honor Credit Union’s business loans allow both weekly and bi-weekly payments, has no pre-pay penalties, and competitive interest rates to top it all off!
3. Tech tools to make your life easier!  As a small business owner, you have enough to worry about.  Let some of the extra e-services that credit unions can offer take a little off your plate!  Direct Deposit, employee payroll, online banking, and ACH are all services that credit unions like Honor can offer your business.  Honor’s business checking online banking system is even compatible with Quicken and Quickbooks to make managing your books even easier!

Small businesses are an important part of our community, and managing your small businesses finances shouldn’t be a hassle.  Credit unions are here to help and can offer your business the solution it needs to achieve financial success.

Check out Honor Credit Union’s Business Services Manager, Kathy B. talk with Wild Bill about the business services Honor offers in this week’s Mason Jar Monday!   

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