Acronyms
Business Lending
Who's Who?
Business Buzz
Business Services
100

DBA

Doing Business As

100

This product could prevent you from bouncing an ACH withdrawal for your payroll or other expenses

Business overdraft line of credit

100

Who is Long Pond's Business Relationship Manager?

Carly Lauricella

100

Similar to a social security number, this number identifies a business.

EIN

100

A plastic card that is attached to a business checking account

Business Check Card (Debit card)

200

LLC

Limited Liability Company

200

This product is best for increasing cash flow... Especially for seasonal business'.

Business Line of Credit

200

He is our Heartland referral for payroll

Steve LeDuc

200

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.

200

True of False... Business' qualify for ESL's Owner's Dividend Program

True!

300

B2B

Business to Business

300

HELP! My ice cream machine broke down and I need a new one. What product should I apply for?

Business Term loan

300

He is in charge of our cash management servies

Who is Nick Mesh

300

The amount a business has after deductions.

Net Income

300

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

400

CFO

Chief Financial Officer

400

This agency will often back ESL on a business loan and guarantee ESL receives a portion back if the loan defaults. 

SBA

400

Who do we refer business members to for POS processing?

David Cahill at Heartland

400

This machine is similar to our t-magic scanner. 

Remote Deposit Capture

400

A business premier checking has up to this amount for courtesy pay.

$1000

500

ERTC

Employee Retention Tax Credit

500

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

500

He is the Senior VP/Director of Business Banking 

Keith Cleary

500

This is the intro-rate for a business VISA

3.99% for 6 months

500

A business can use a business loan for up to ____% of the purchase price for used equipment.

75%

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