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Midtown Bank Newsletter
Greetings!
YES - We are approving business loans!! Midtown Bank has approved and closed $17,000,000 in commercial and SBA business loans in the first four months of 2013...a 27% increase over our 2012 lending levels. If your business could benefit from a new or refinanced loan, give us a call today. Also, we would welcome the opportunity to assist with all your business banking needs including deposits and cash management services. We have some attractive deposit rate specials to welcome you, and would enjoy the opportunity to earn your business!
Our most common business loan requests are summed up below...but we do "out of the box" loans for our clients as well - always working diligently to find a plan that fits our clients' needs.
- Owner-Occupied Real Estate: Midtown Bank has several excellent programs for financing owner-occupied real estate for businesses. Some require as little as 10% down and offer long term fixed rates. It's a great time to consider a real estate purchase...prices are low and so are rates. If you are interested in becoming an owner rather than a tenant, please give us a call today!
- Lines of Credit: Midtown Bank offers working capital lines of credit to companies for the purpose of supporting accounts receivable and inventory. If your business has cash flow needs related to these assets, give us a call today!
- Equipment Loans: Midtown Bank can provide equipment financing for your business. We are always happy to assist you with comparing purchase vs. lease options that vendors may offer. If you are considering an equipment purchase, we can help!
If you have any banking needs you would like to discuss, we are available to talk or meet with you at your convenience. If so, please contact any of our Commercial Banking Team.
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Direct Deposit
 May is National Direct Deposit Month, which means it's a perfect time to make changes to your bank accounts.
- Do you wish you could save more money? Direct deposit can do just that ... talk to your employer about splitting up your already set-up direct deposit to deposit into multiple accounts. It's easy enough to set up. You'll be surprised how quickly your savings will add up. According to stats from NACHA, The Electronic PaymentsAssociation:
- 93% of employed adults who use split deposit save money every month (vs. 77% who don't split their deposits)
- Deposit-splitting employees save an average of $467 a month.
- Employees can use the money for everything from saving for a rainy day (83%) to contributing to their retirement (74%).
- Do you know someone who has been hit by identity theft? In 2010, 7% of all United States households had at least one member of the family at or over the age of 12 who has been a victim of some sort of identity theft. Once again, direct deposit can help on this front. Back in 2006, a whopping 57,000 checks issued by the Treasury Department were fraudulently endorsed, while problems with direct deposit were virtually nonexistent.
- Are you doing your part to go GREEN? You're wasting paper with every check you write. But what's the real toll on Mother Nature? You can calculate your Financial Paper Footprint with this Online Calculator. Once you plug in the number of paper bills, statements, and payments you use, the tool will give you a full rundown on both how many resources the paper drains and then how much you'll conserve by switching to electronic means. And it covers not only paper, but things some folks may not have thought of, like wastewater and greenhouse gases.
Call anyone in the Banking Center to discuss your options and get advice when talking to your employer about Direct Deposit.
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3 Great Deposit Specials
The world of banking has changed forever!
Let Midtown Bank be your perfect fit!
Click to learn more about our 3 new Deposit Specials:
1. Money Market
2. Certificate of Deposit
3. IRA CD
Let us help you build a better banking relationship with a FREE consultation and customized services to fit your baking needs. We can save you money and streamline your banking.
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Ask the President
In the last decade a virtual flood of frauds have arisen using increasingly sophisticated technologies... all aimed at separating you from your money by stealing your personal financial information. It seems that as soon as one devious technique is uncovered, the fraudsters use their ingenuity to devise yet another - each aimed at identity theft or account hijacking. Click here to review today's most prevalent schemes, as well as, look at some advice for keeping your private information secure.
Email Your Question
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