 Business
Services
SBA Loans | Business
Checking | Money Market |
AG Finance | Other Business Services
Business Loan and Checking Services
At Reliabank, our cash management services can help you effectively manage your money and increase your effeciency. We offer cash sweeps
which maximize the earnings on funds that would otherwise sit idle in non-interest-bearing accounts, ACH payroll
allows your employees' paychecks to be directly deposited
to their account, and Desktop Teller which allows you to transmit check deposits electronically right from your office.
Reliabank offers a complete array of loans and credit
services to meet the needs of most businesses. See us about...
Term Loans - for equipment
purchases, working capital and expansion.
Credit Lines - to meet short-term
and seasonal working capital needs.
Real Estate - for construction, renovation,
expansion, or purchase.
Corporate VISA - for senior management
and the sales staff.
Letters of Credit - including import,
export, and standby.
Merchant VISA and MasterCard - for
customer convenience, greater sales and local service.
Land Development Loans - Stop in,
e-mail, or call for more information.
Small Business Administration
(SBA) Loan Programs
The Small Business Administration was established
for the sole purpose of enabling small businesses to form and grow.
Reliabank is an authorized SBA lender. Our experienced staff will
assist you in determining which SBA loan program is right for your
business.
The SBA 7(A) Loan:
For: Land, buildings, machinery, inventory, furniture, vehicles
and working capital
Terms: Vary depending on use
Amount: $40,000 minimum; $1,000,000 maximum
The SBA 504 Loan:
Eligibility: Must create or retain at least one job for every $35,000
in SBA funds
For: Land, new construction or building renovation, or equipment
Terms: Guaranteed fixed loan payment, low down payment, below market
interest rates
Amount: $100,000 minimum; $1,000,000 maximum
The SBA Low Doc Loan:
This is similar to the SBA 7(A) loan program, but is designed to
streamline the application and approval process on loans of less
than $100,000. Loans for less than $50,000 only require a one-page
application.
For: Land, building, machinery, inventory, furniture, working capital,
and acquisitions
Terms: Vary depending on use
Amount: $100,000 maximum
Contact us for complete details about these and other SBA loan programs.
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Business Checking
Account Types
| Business Basic Checking |
Business Checking |
Designed for commercial accounts with limited
transactions
* Minimum balance: None
* Monthly fee: None
* No fee on first 50 checks/debits and first 100 deposits
made during a statement cycle
* Charge of $.08 on each debit and transit item (not on-us)
deposited over the limits in a statement cycle
* Minimum to open: $100 |
Designed for commercial accounts with a high
volume of transactions
* Minimum Balance: $100
* Monthly fee: $5
* Debit fee: $.10 per item
* Credit fee: None
* Deposit fee: on us – none
Local - $.06/item - not on us
Transit - $.06/item - not on us
The fees listed above can be offset by a service charge credit
that is given on the average collected balance and is computed
using the average 3-month Treasury Bill |
| Business Plus Checking |
Business Premium Checking |
For non-profit and sole-proprietorships with
low transaction volume
* Minimum balance: $1,000
* Interest: Paid monthly – see rate sheet for rates
* Monthly fee: $10 service charge if average daily balance
falls below $1,000
* No fee on first 100 debits and first 100 deposit items.
* Charge of $.08 on each debit and transit item(not on-us)
deposited over the limits in a statement cycle. |
For non-profit and sole-proprietorships who
maintain higher balances
*Minimum balance: $3,000
* Interest: Paid monthly – see rate sheet for rates
*Monthly fee: $12 if balance falls below $3,000
* No fee on first 100 debits and first 100 deposit items during statement cycle.
* Charge of $.08 on each debit and transit item(not on-us)
deposited over the limits in a statement cycle. |
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Money Market Savings
• Pays variable tiered rate on balances over
$2,500
• Balances over $25,000 earn investors' rate
• Up to six transfers allowed per month (three by check)
• Monthly statements
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Ag Finance
We offer a full line of financing services...everything
needed by the Ag Industry in South Dakota. These include:
• Real estate loans
• Term loans
• Installment loans
• Equipment loans
View our Ag Services page for more information.
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Other Business Services
- Corporate Credit Cards
- Cash Management
- Desktop Teller (remote deposit)
- Sweep Accounts
- Merchant Credit Card Processing
- Coin and Currency
- Safe Deposit Boxes
- Wire Transfers
- Night Deposit
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