Business Banking Products

Business Banking

Free Business Checking:

If your business has limited transactions of 175 items per month, this account may be for you. No minimum requirement, this non-interest bearing checking account can take care of your basic business checking needs.

Small Business Checking:

If your business has limited transactions of less than 350 items per month, this account may fit your needs. A low opening and minimum balance makes this account easy to take care of your business needs.

Small Business Interest Checking:

For sole proprietorship or eligible non-profit organizations, you may take advantage of our Small Business Interest Checking account. With a required minimum balance and up to 350 items per statement cycle, you can earn interest on your Small Business account.
NOTE: Federal regulations prohibits banks from offering interest bearing checking to "for profit" partnerships, corporations and professional associations.

Commercial Checking Account:

As your business grows, your balances and your transactions grow as well. You should now consider taking advantage of using balances to offset a variety of fees. Commercial analysis will allow you to do this. For an added benefit, a sweep feature will enable you to earn interest on excess cash balances. You can get the advantage of unlimited checking and reduce account costs.

Commercial Money Market Account:

This account earns money market rates and provides cash flow flexibility. Enjoy tiered rates based on the balance you keep. The higher the balance, the higher the rate of return you get. With a $1,000 minimum balance and 6 withdrawals per statement cycle, there is no monthly service charge.

IOLTA:

This account is for lawyers and law firms only. With this account we participate in the IOLTA program set up by the North Carolina State Bar. Small or short-term funds are invested in an interest-bearing account. Interest earned on this account, less a low monthly service charge, is forwarded to the North Carolina State Bar for use in public projects. No minimum balance is required.

Business Savings:

This is a low-risk savings plan for our commercial customers. This account is interest-bearing and allows up to 3 withdrawals per statement cycle and maintain a low minimum collected balance to avoid a monthly service charge.

Certificates of Deposits:

We offer a certificate of deposit that will ensure a competitive interest rate with the cash flow that you desire. Whether you prefer a long-term or short-term CD, First Carolina State Bank has the right option for you.

PC Banking

Bank without leaving your office. Use your personal computer to review account balances, verify checks and deposits, transfer funds between accounts, wire funds and initiate ACH transactions.

Cash Management:

This gives you the benefit of getting the most out of your business balances by moving funds between Checking and Savings accounts.

Merchant Services:

A flexible program to serve businesses that rely on dependable credit card processing. Various options are available at competitive rates.

Plus
  • Night Depository Services
  • Wire Transfers
  • Standby Letters of Credit
  • ACH Services
  • Telephone Transfers
  • Bank by Mail

Loan Products

First Carolina State Bank offers a full line of loan products designed around you and your business. Each product allows flexibility with quick, timely responses.

Whether you need a line of credit for working capital needs, equipment or commercial real estate loans, we have the expertise to assist business owners and managers.

Our goal is to provide superior service for our customers. We achieve this goal by listening and counseling our customers. We offer flexible structures to meet each businesses' unique financial needs.

Business loan products include the following:

Lines of Credit for:
  • Short-term financing
  • Working capital
  • Seasonal needs
Commercial Real Estate Loans for:
  • Purchase
  • Construction
  • Remodeling
  • Expansion
Loans to Finance:
  • Business expansion
  • Machinery & equipment
  • Vehicles
  • Leasehold improvements
Agricultural Loans:
  • Opening lines of credit
  • Purchase farm land
  • Purchase equipment
  • Other agri-business

SBA Lending

Loans for small businesses can be made in association with the Small Business Administration.

Business Credit Cards:

For our existing and perspective business customers, we offer our Business Credit Card. This card features low annual fees, multiple cards for the same account and competitive variable interest rates.