Jane Miller, Vice President—Business Banking
When you’re ready to talk about making the leap from dreaming about starting your own business to the reality of having one, so are we. And, talking is exactly where we’ll start.
Because, this is about more than helping you open a checking account and advising you on how to get your documentation in order. It’s about really getting to know your business, your potential target market and your goals so we show you the right mix of products and services to help you grow.
Get Services Matched to Your Anticipated Needs
Unlike many banks, we make all of our services available to business customers, regardless of their size, as long as it makes sense. This means you don’t have to achieve certain revenue levels to gain access to what you need, when you need it. For instance, if your business is to be a one-person operation, we want to make sure you have access to all of our online and mobile services—from deposit to payment services. Because when you are doing it all, the last thing you need is to spend time away from serving your customers to do your banking.
Find Affordable Borrowing Options
The trickiest part about a small business owner is often financing—making sure you have sufficient funding and additional sources lined up to ensure ongoing liquidity. Many new business owners assume they’ll need to seek alternative online financing sources to do this. But, as a full-service bank, we will work with the business owner to provide options for them to make funds available at a lower interest rate and with more convenient repayment terms than many of the newer alternatives.
Also, unlike many larger banks that require business owners to take on personal loans to fund their businesses, we can structure nearly any size financing. We can even transition a business owner who has already borrowed elsewhere into a more stable lending structure to arrange a more affordable payment and ease stress on their liquidity.
Start Thinking Like an Owner
Once you become a small business owner, our full-service bank offerings can also help you by addressing more than your immediate cash management needs. We can also work with you to set up the type of employee benefits you’ll need to attract and retain quality workers and to secure your own future.
From retirement plans to payday services and cash management tips, we’re here to help you become the business you want to be.
Start-Up Resources for Sole Proprietors
While we’re always ready to serve as a support and sounding board, here are some other resources you may want to take a look at to make sure you are in compliance with state and local regulations:
- Employer Identification Number (EIN) can help when you are ready to establish a business checking account, though it is not necessary for every business.
- Illinois Business Portal alerts you to any license or permit you may be required to obtain to conduct business in the state.
- Illinois Secretary of State helps you make sure you’ve selected a name that won’t be confused with that of an existing business, which can lead to future legal headaches.
- Illinois Small Business Development Center at Waubonsee Community College offers assistance with business plans.
- Women’s Business Development Center is a well-established organization with a local office in Aurora.