Small Business Banking Solutions 

Zelle® is a great way to send money to friends, family and people you are familiar with such as your personal trainer, babysitter or neighbor. Since money is sent directly from your bank account to another person's bank account within minutes, Zelle® should only be used to send money to people you trust.

Neither TowneBank, nor Zelle®, offers a protection program for any authorized payments made with Zelle® – for example, if you do not receive the item you paid for or the item is not as described or as you expected. Learn more here.

Interested in using Zelle® for your business? Learn more here.

U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Your mobile carrier's web access and text messaging charges may apply. All terms applicable to online banking apply to mobile banking. To send or receive money with a small business, both parties must be enrolled with Zelle directly through their financial institution's online or mobile banking experience.

You can send, request, or receive money with Zelle®. To get started, log into your mobile banking app and select “Send Money with Zelle®”. Following the prompts, enter the information requested, accept the terms and conditions, and you’re ready to start sending and receiving with Zelle®.

To send money using Zelle®, simply select someone from your mobile device’s contacts (or add a trusted recipient’s email address or U.S. mobile phone number), add the amount you’d like to send and an optional note, review, then hit “Send.” In most cases, the money is available to your recipient in minutes¹.

To request money using Zelle®, choose “Request,” select the individual from whom you’d like to request money, enter the amount you’d like to request, include an optional note, review and hit “Request”².

To receive money, just share your enrolled email address or U.S. mobile phone number with a friend and ask them to send you money with Zelle®.

Real-Time Payments provide TowneBank consumer and business members the ability to immediately receive Real-Time Payments from accounts at external financial institutions anytime, 24/7/365, delivering real-time access to funds within seconds. Real-Time Payments are often referred to as Instant Payments.

The benefits of Real-Time Payments on the RTF network are:

• Convenience: The RTP network is live and operates 24/7 with no cut-off times, which allows Towne Bank members to receive payments around the clock, including weekends and holidays. Instant payments are available 24/7/365 apart from planned maintenance windows.
• Immediate Availability: Recipients receive the payment within seconds of the sending bank initiating the transaction; TowneBank will make funds available immediately, except where necessary for risk management or legal compliance purposes.
• Payment Certainty: Sending financial institutions are not able to revoke or recall a payment once it has been authorized and submitted. However, there is a process to facilitate communication between the associated financial institutions around return of funds sent in error.

No. RTP payments clear and settle individually in real time with immediate finality. Same day ACH payments are processed in batches and settle after the payments finally clear. RTP payments can be transmitted any time for immediate settlement, whereas same day ACH batch must be submitted within specified timeframes to meet desired same day settlement deadlines.

Any institution participating in the RTP-The Clearing House or FedNow Network. TowneBank is a network participant with receive payment capabilities. At this time, TowneBank members cannot send Real-Time Payments to other institutions from their TowneBank account.

At TowneBank, we have the tools and bankers to help your small business thrive. For more information, visit our [Small Business Banking page.](https://www.townebank.com/smallbusiness)

Yes! TowneBank offers SBA 504 loans* that are backed by the Small Business Administration.

SBA 504 loans are a long-term, fixed-rate financing solution. Businesses that apply for an SBA 504 loan must meet some requirements such as:

• Be a for-profit business operating in the United States Meet SBA small business size standards for your industry
• Prove that your business cannot get similar financing elsewhere

A 504 project generally has three main partners:

• A Certified Development Company (CDC) that provides up to 40% of the financing (guaranteed by the SBA)
• A third party lender that provides 50% of financing
• A borrower who contributes at least 10% of financing

If you have questions about an SBA loan, contact one of our local bankers who can help you get started.

*Normal Credit approval criteria apply

Our interest rates are competitive in the industry but they may vary on loan type, revenue, loan amount, and credit score. We recommend talking to a banker to outline your specific needs.

Zelle® QR code provides peace of mind: You can send and receive money without typing or providing an email address or U.S. mobile number.

To locate your Zelle® QR code, log into the TowneBank Business Mobile Banking app. In the main menu, select "Send money with Zelle®." Click "Send," then click on the QR code icon displayed at the top of the "Select Recipient" screen. Navigate to "My Code." You can view and use the print or share icons to text or email your Zelle® QR code.

To send money, log into the TowneBank Business Mobile Banking app. In the main menu, select "Send money with Zelle®." Click "Send," then click on the QR code icon at the top of the "Select Recipient" screen. Once you allow access to your camera, point your camera at the recipient's Zelle® QR code, enter the amount, hit "Send," and the money is on the way! When sending money to someone new, it's always important to confirm the recipient is correct by reviewing the displayed name before sending money.

U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes.

To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution's online or mobile banking experience. Zelle and Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Your mobile carrier's web access and text messaging charges may apply. All terms applicable to Online Banking apply to Mobile Banking.

With Business Advantage Checking, small business owners have access to services like Zelle® for Business², Autobooks³, and a suite of cash management, payment, reporting, and fraud services.

Value Classic Checking is a small business checking account that has lower monthly transactions and opening balance requirements, which makes a great account for businesses looking for additional pricing options.

With a Business Advantage checking account, you can enjoy several benefits at no cost with a $15,000 average balance, including:

• Processing up to 350 items per monthly statement cycle.
• Initiating up to 10 ACH Credit transactions per statement.
• Complimentary processing of $10,000 cash-in per statement.
• Enhanced fraud protection with Check Positive Pay and ACH Positive Pay services.
• Convenient mobile deposits⁴, business debit cards, and online bill pay.
• Integration with Quickbooks^ for financial insights.
• Immediate payment capabilities with Zelle® for Business.²
• Sending invoices and accepting electronic payments with Autobooks.³

Yes, our Merchant Services solutions allow your business to accept credit and debit cards from virtually anywhere and any time including mobile and online.