Business Banking
The mission at ParkeBank is to continuously provide a wide range of financial products and services to meet the depository and credit needs of our small businesses, professionals and individual customers alike.
business services > business loans >Business Services
Financial Service Planning We invite you to personally meet with a member of our management team. Together, we can help design a plan that efficiently and economically meets your needs. |
Business Money Market Account ParkeBank Business Money Market Account will let you earn interest on your account with a daily minimum balance of $2,500 or more. Higher balances earn higher rates. You may make up to six (6) pre-authorized transfers a month, of which three (3) can be third-party checks. |
||
Business Savings Account Enjoy a return with our Statement Savings Account for businesses. Maintain a balance of $500 and all service charges are waived. |
Night Depository There is a night depository at the Main, Kennedy and Northfield offices. Use it at your convenience to make secure business deposits of cash and checks. |
||
Business Checking Account ParkeBank has an account for corporations, proprietorships and non-profits. Maintain a $1,000 daily balance and there are no service or activity charges; all you do is pay for your checks. |
Merchant Services Our attractively priced services and advanced technology provide retail merchants and businesses with state-of-the-art credit card processing. Rapid funds availability and personalized attention make this service desirable for anyone accepting credit card payments. |
||
Business Loan Products
Line of Credit A set amount of credit is pre-approved and made available when your business needs it. Borrow for working capital, to buy inventory, pay bills, carry receivables, take discounts or those unforeseeable last-minute opportunities. |
Letters of Credit In foreign trade, a Letter of Credit will help with import and export transactions. Standby Letters of Credit for domestic payment and performance guaranties are also available. |
||
Term Loan When funds are needed for capital asset expansion, this type of longer term loan is available. Use it for equipment purchases, building improvements, business expansion, etc. Rates can be fixed or variable, with flexible terms to fit the needs of your business. |
S.B.A. Loan Small Business Administration (SBA) 504 loans and guarantee loan programs give you added borrowing power based on the backing of the U.S. government. Ideal for start-up businesses and real estate acquisitions with limited funding. |
||
Commercial Mortgage Fixed and variable rates are available to help you acquire or refinance owner-occupied or investment property. Normally, up to 75% of cost or appraised value is available, with payout plans and specific terms custom-tailored to your particular situation. |
Construction Financing Single-family housing, tract development and commercial buildings can be built with our flexible construction mortgages. |
||



