Acronyms
DBA
Doing Business As
This product could prevent you from bouncing an ACH withdrawal for your payroll or other expenses
Business overdraft line of credit
Who is Long Pond's Business Relationship Manager?
Carly Lauricella
Similar to a social security number, this number identifies a business.
EIN
A plastic card that is attached to a business checking account
Business Check Card (Debit card)
LLC
Limited Liability Company
This product is best for increasing cash flow... Especially for seasonal business'.
Business Line of Credit
He is our Heartland referral for payroll
Steve LeDuc
What is the minimum payment for a business line of credit?
the minimum payment is the total amount of interest that accrued over the month.
True of False... Business' qualify for ESL's Owner's Dividend Program
True!
B2B
Business to Business
HELP! My ice cream machine broke down and I need a new one. What product should I apply for?
Business Term loan
He is in charge of our cash management servies
Who is Nick Mesh
The amount a business has after deductions.
Net Income
Accessible through ESL Business Online and Mobile Banking, this allows business members to make payments to individuals or businesses online using funds from their ESL business checking account.
Bill Pay
CFO
Chief Financial Officer
This agency will often back ESL on a business loan and guarantee ESL receives a portion back if the loan defaults.
SBA
Who do we refer business members to for POS processing?
David Cahill at Heartland
This machine is similar to our t-magic scanner.
Remote Deposit Capture
A business premier checking has up to this amount for courtesy pay.
$1000
ERTC
Employee Retention Tax Credit
A borrower's pledge of specific property to a lender to secure repayment of a loan. This also serves as protection for a lender against a borrower's default.
Collateral
He is the Senior VP/Director of Business Banking
Keith Cleary
This is the intro-rate for a business VISA
3.99% for 6 months
A business can use a business loan for up to ____% of the purchase price for used equipment.
75%