Business Deposit Account Information
At Shoreline Credit Union, we are committed to providing you with a choice of money management options to suit the daily needs of your business, and the reliable and convenient service you have come to expect from us.
This is an overview of the basic features and benefits of Shoreline Credit Union business deposit accounts, including checking, money market and savings accounts. These tools are designed to provide you with the strategies to make the most of your daily cash management system.
For additional account services and fee information, be sure to refer to the appropriate fee schedule for miscellaneous services available at any Shoreline Credit Union office.
Savings and Money Market Accounts
Business Savings Account
Savings is an important part of every business. A Business Savings account allows you to keep your funds liquid while providing an opportunity to earn dividends on your surplus cash.
Business Money Market Account
Money market accounts provide an excellent savings vehicle while earning a competitive interest rate. Rates are tiered, and may vary depending on account balance.
Business Advantage Money Market Account
When you want your available cash to work harder, consider a business Advantage Money Market account as an opportunity to earn even higher dividends. Rates are tiered, and may vary depending on account balance.
Business Checking
Community Civic Checking Account
Designed for non-profit, religious, fraternal organizations and clubs who have lower balances and a limited number of check and deposit transactions.
Basic Business Checking Account
The Business Checking account is designed for business owners with minimal monthly transactions, such as entrepreneurs who are just getting their businesses off the ground or sole proprietors whose businesses are still growing.
Business Advantage Checking Account
This checking account gives you a greater number of transactions per month for managing the finances of your business. It is designed for businesses with higher balances, with an opportunity to earn dividends. Rates are tiered, and may vary depending on account balance.
Business Loan Information
Shoreline Credit Union Offers loan products for any type of business. Our commercial lending specialists will help match the right loan product and terms to your needs.
Commercial Real Estate
Loans available for the purchase, refinance, remodeling, or expansion of your real property. Shoreline Credit Union offers amortization terms of up to 30 years. Rates vary based on type of property, loan to value, and term and loan amount.
Commercial Assets
Loans made for purchase of equipment, inventory and/or refinance existing debt. Terms and rates vary based on type of assets used, term and amortization.
Commercial Lines of Credit
Used to ease cash flow fluctuations, lines of credit normally are written and reviewed annually. Can be set up for interest only payments monthly or quarterly.
Single Payment Notes
Used for short term borrowing which does not require a monthly payment. A single payment of principal and interest required at end of amortization.
Merchant Services
Shoreline is proud to partner with Merchants Choice Card Services* to offer credit and debit card processing services.
*Available: Credit and Debit Card Processing, Terminals and Supplies, Cellular Terminals, ATM Sales/Installation, Check Guarantees, Electronic Check Transfers, Processing Software, Gift Card Programs, Age Verification, Internet Shopping Carts, Association Plans
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