Business Banking with Grand River Bank

Grand River Bank recognizes that your busy schedule necessitates an easy approach to routine banking. Whether you choose to bank in person, by mail, online, or with our remote deposit capture, our products and services combine the benefits of efficiency, convenience and flexibility to ensure you have the right solution for your business. At Grand River Bank we don’t just open accounts, we build relationships.
Grand River Bank was built to serve the needs of emerging and successful small businesses in West Michigan. We offer a variety of products and services designed to help manage cash flow and grow your business.

Free Business Checking: A basic checking account designed for businesses with low transaction volume and modest balances. Includes 150 free transaction items per month, free online banking, free online bill payment, up to 10 per month.

Small Business Checking: Designed for businesses with limited transaction volume and moderate balances. Includes 300 free transaction items per month, free online banking, free online bill payment, up to 20 per month.

Regular Business Checking: Designed for businesses with medium transaction volume and balances. Includes 500 free transaction items per month, free online banking, free online bill payment, up to 20 per month.

Analysis Checking: This account is designed for businesses with high transaction volume and higher balances. Service charges and transaction fees can be offset with an earnings credit based on the average collected balances maintained in the account. Any excess earnings credit is carried over each month.

Business NOW Checking: An interest bearing account designed for Sole Proprietors. Includes 300 free transaction items per month, free online banking, free online bill payment, up to 20 per month.

Community NOW Checking: Designed exclusively for the Non-Profits and Municipalities in our community, this interest bearing account pays competitive rates on tiered balances. Includes 500 free transaction items per month, free online banking, free online bill payment, up to 20 per month.

While you grow your business we help grow your money. Our business savings plans allow you to earn interest on your funds while you save for future expansion.

Business Money Market Savings: Designed to improve the earning power of excess funds. Pays a competitive interest rate on all balances, with a daily average minimum balance requirement of $10,000. Includes check writing privileges, unlimited deposits and other credits and in person withdrawals. Preauthorized debits are limited by Federal regulation to six (6) per month.

Business Statement Savings: Designed as a traditional interest bearing savings account requiring a low minimum balance of $1,000. Preauthorized debits are limited by Federal regulation to six (6) per month.

Business Sweep Savings : Designed to maximize earnings on excess funds, this account pays competitive interest rates on tiered balances, with a moderate balance requirement. Includes unlimited deposits and other credits and in person withdrawals. Automatic sweeps and other preauthorized debits are limited by Federal regulation to a total of six (6) per month.

CD’s: Designed to improve earning power of excess funds. These CD’s pay competitive tiered interest rates based on the term and the amount of the CD purchased. Term availability vary from 3 – 60 months.

Grand River Bank offers business real estate mortgages to finance or refinance the purchase, construction, or renovation of commercial real estate. Business real estate mortgages are offered for retail, office, industrial or multi-family properties, and can be utilized for either owner-occupied or investment purposes.

Available features of a Grand River Bank Business Real Estate Mortgage:

• Fixed or floating interest rate options

• Long-term maturity and amortization options

Grand River Bank offers business term loans to finance the purchase of fixed assets. The unique repayment terms are based upon the specific machinery or equipment purchased.

Available features of a Grand River Bank Business Term Loan:

• Fixed or floating interest rate options

• Flexible maturity and amortization options

• Repayment terms that are based on the specific asset purchased

Grand River Bank offers business lines of credit to meet short-term working capital needs. These lines of credit can be used for additional liquidity or for seasonal cash flow needs. Additionally, Grand River Bank provides letters of credit to facilitate both international and domestic trade. The repayment terms for both products are based upon the specific nature of the loan request.

Available features of a Grand River Bank Business Line of Credit or Letter of Credit:

• Interest-only payment requirement

• Structure tailored to the specific situation or need

• Repayment flexibility depending on specific cash flow needs

Grand River Bank offers SBA 7a and SBA 504 loans. SBA 7a loans provide funding for the purchase of long-term assets such as machinery or equipment. SBA 504 loans provide funding for the purchase, construction, or renovation of commercial real estate. Both programs offer borrowers several benefits, including a reduced down payment requirement and a long-term maturity.

Available features of an SBA loan obtained through Grand River Bank:

• As little as 10% down payment requirement

• Maturity extended beyond traditional loan terms

• Long-term fixed interest rate for the SBA portion of the SBA 504 loan

Our Business Online Banking provides a safe, secure method of accessing account information, completing transactions and managing cash flow. With Online Banking you can review account balances and transaction history, make transfers between accounts, pay bills and export transaction history to Quickbooks™ .
Online bill payment, through CheckFree™, makes paying bills easy. No more checks to write, no more stamps and envelopes, no more forgetting to mail your bills on time. Whether you make a one time payment or set up recurring payments, online bill payment is safe, simple and efficient.
eStatements are a safe, secure way of maintaining your account activity. eStatements are housed within our secure online banking environment, are archived and available for 12 months, and can only be accessed via Online Banking, using your personal login ID and Password. No need to worry about your statement getting lost in the mail, or misplaced in your office.

Click here for more information regarding your rights and responsibilities regarding any errors on your Deposit Statement.

Click here for more information regarding your rights and responsibilities regarding any errors on your Loan Statement.

ACH Manager is an electronic payment delivery system that allows you to securely and accurately make payments or collect funds electronically through the automated clearing house network.

Benefits of ACH

• Browser-based ACH transfer processing

• Streamlined, flexible and automated processing of originating transactions

• Decreased processing costs by using electronic processing system

• Better payment predictability and improved cash control

• Direct deposit of payroll

• Decreased time devoted to processing and managing invoices

• Quicker collections and improved cash flow

With Remote Deposit Capture (RDC), scan checks for deposit into your accounts without leaving your office, saving both time and money. Multiple locations, large checks for deposit or difficulty getting to the bank during the day? No problem. RDC makes funds available faster, reduces trips to the bank, enhances security and improves efficiency. Installation is simple; we provide the equipment, software and training.

Benefits of RDC

• Make check deposits anytime

• Save time preparing deposits

• Consolidate funds from remote locations to one bank

• Fewer trips to the bank

• Reduce risk of check fraud

• Improve safety and security

With our Courier Service, you can conveniently pre-arrange pick-up days and times for your deposits. Pick-ups can be scheduled for up to three days a week, Tuesday, Wednesday and Thursday, between 9:00am and 2:00pm. Our courier driver will pick up your bank deposits at your door and deliver them to the Bank in sealed, tamper evident bags for immediate deposit. The deposits are signed out at your location on a courier log provided by the Bank and then signed for again at the Bank, to verify safe arrival.

Courier Service is fully authorized by federal regulators. Our employee drivers are bonded and insured, so your deposit is completely safe with us.

Designed to maximize earnings on excess funds, this account pays competitive interest rates on tiered balances, with a moderate balance requirement. Funds above and below a target checking account balance are automatically transferred to and from an interest-bearing account. Automatic sweeps and other preauthorized debits are limited by Federal regulation to a total of six (6) per month.
In partnership with Payvana, Grand River Bank offers a balanced approach to payment processing. Payvana provides a flexible platform that allows you to tailor payment processing solutions for your business.

We can help you get in contact with the right people or call Payvana directly at 1.888.924.4248, extension 6.

A Grand River Bank VISA® ATM/Debit card offers convenient, free-of-charge access to your funds anytime and virtually anywhere. The card can be used to make purchases from a business checking account at any VISA® merchant worldwide and can be used to make cash withdrawals at any ATM machine on the Pulse®, VISA Plus®, and Accel Exchange® networks.

Grand River Bank offers a variety of Business Cards to fit your needs. A Grand River Bank Visa Card is provided to qualified business owners.

Getting Started

Click the link to learn more about Grand River Bank Visa® Credit Card or to submit an application.

Access account information on your current Grand River Bank Visa® Card.

Free Night Depository for after-hours deposits and payments.
Business Real Estate: Grand River Bank offers business real estate mortgages to finance or refinance the purchase, construction, or renovation of commercial real estate. Commercial real estate mortgages are offered for retail, office, industrial or multi-family properties, and can be utilized for either owner-occupied or investment purposes. Available features of a Grand River Bank Business Real Estate Mortgage:

• fixed or floating interest rate options

• long-term maturity and amortization options

• construction financing converting to traditional end mortgage loan

Designed to finance the purchase of long term asses such as equipment and, machinery. Grand River Bank offers a flexible repayment plan based on the item financed and business cash flow.
Designed to finance short term business needs or for extra liquidity to meet seasonal cash flow needs. We offer a flexible repayment plan based on your cash flow.
If you’re planning to start a business or expand an existing business, you might need financing help. We offer a variety of commercial lending options through Small Business Administration programs.
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