Yes, Sound can help you get a loan to open a franchise business.
Yes, we can help you get a loan to acquire an existing business. Loans for business acquisition should be for full, not partial, acquisitions.
SBA loans are loans offered through your financial institution and backed by the Small Business Administration (SBA). Through this program, financial institutions are able to extend financing to businesses that fall outside of internal guidelines or have special financing needs. This program may also offer benefits including lower rates and extended loan terms.
Because business accounts typically have larger and more frequent transactions than personal accounts, business accounts are subject to transaction fees. An Analysis Fee is assessed on the last day of the month and is a total of any transaction fees that have accumulated during that month.
For example, the Free Business Checking account is allowed 100 deposited items per calendar month with no charge. It is also allowed a total of $10,000 in cash in/out of the account per calendar month with no charge. Fees are assessed if more than 100 items are deposited per month and/or more than $10,000 in cash moves through the account per month. The checking account is analyzed at the end of the month and any assessed fees are debited from the account at that time in one lump sum, known as an Analysis Fee.
For a list of business account fees, see our Business Rates & Fees section.
Unfortunately, payroll services aren’t available through online banking. Sound has partnered with Paychex to provide payroll and other related services to our business account holders. For more information regarding payroll services, please visit our Business Services page.