Business Checking

Your Business is Our Business

If you love the quality of the products and services you receive from First Financial, consider bringing your small business financial needs to your Credit Union. We have recently added a full range of small business account and loan services to our growing list of outstanding accounts, loan products and services. First Financial will strive to give you the same level of exceptional service you’ve come to expect while helping you meet your commercial needs.

Our business accounts, including deposit and borrowing services, are designed to meet the needs of various types of businesses. Small business owners who’d like to find out more information about these services can contact our main office at 410-321-6060.

DEPOSIT PRODUCTS

Basic Business Checking

Less than 150 transacted items.
$.20 per transacted item over 150.
No minimum balance or monthly fee.
Business pays for checks through Deluxe.
Account earns dividends (same as personal checking).

Basic-Plus Business Checking

150 – 300 monthly transacted items.
$.20 per transacted item over 300.
$1500.00 minimum balance.
$10.00 monthly fee if balance drops below $1500.00.
Business pays for checks through Deluxe.
Account earns dividends (same as personal checking).

Business Share Certificate Accounts

Certificates for your business will offer the same terms and high yields as our personal share certificates.

Business Money Market Accounts

A business Money Market account will offer the same high yield as our personal Money Market Account as well as the same balance requirements.

For Your Borrowing Needs

Overdraft Lines of Credit

$300.00 to $5,000.00.

Business Credit Cards

Up to $20,000.00.

Lines of Credit

Up to $50,000.00 unsecured.
Up to $250,000.00 secured. By inventory, accounts receivable, machinery, equipment and vehicles..

Installment Loans

Up to $250,000.00.
Maximum term of 7 years.

Business Real Estate Loans

Up to $500,000.00.
Maximum term of 12 years.
Balloon financing available.
Business is primary tenant.

If You Are Interested in Opening a Business Account

Our business accounts are designed to meet the needs of a variety of business types including: Sole Proprietorship

Corporation: C-Corp, S-Corp, or Professional Service Corporation (PSC)

Limited Liability Company:

General Partnership:

Organizations:
Religious or charitable organization.

Non-Formal Groups:
Coffee or activity clubs.

Short-Term Accounts:
Memorial Fund
Scholarship Fund

DOCUMENTS TO BE COMPLETED

Business application.
Additional User form for each person to be on the account – owner or authorized signer.
For secondary shares, a regular application should be completed instead of a business application.

Please Note: credit (if less than 6 months old) on personal account for existing member will be used; if credit is older than 6 months we need new credit; if more than 1 person with existing account, use Managing Member.