Commercial Banking at Illuminus Bank provides tailored financial services for businesses of all sizes, ensuring seamless operations, growth opportunities, and expert guidance. Here's an overview of the commercial banking process and key details:

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Commercial Banking Process

Step 1: Business Onboarding

• Consultation: Meet with a dedicated commercial banking specialist to understand your business's needs.
• Document Submission: Provide business registration documents, tax identification, and financial statements.
• Account Setup: Choose and open the appropriate business account (e.g., checking, savings, or specialized accounts for payroll or escrow).
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Step 2: Credit and Financing Solutions

• Credit Assessment: Submit financials to determine eligibility for loans, lines of credit, or trade finance options.
• Loan Application: Choose tailored financing options such as:
  • Working Capital Loans
  • Equipment Financing
  • Commercial Real Estate Loans
  • Trade Finance Solutions (e.g., letters of credit).
• Approval Process: Decisions typically take a few business days, depending on loan type and complexity.
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Step 3: Transactional Services

• Treasury Management: Set up systems to manage cash flow efficiently, including payments, receivables, and liquidity.
• Merchant Services: Enable card payments for customers with secure Point-of-Sale systems.
• Payroll Services: Automate employee salary disbursements with integrated payroll solutions.
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Step 4: Advisory and Growth Support

• Financial Planning: Work with experts to develop investment strategies and budget forecasts.
• Mergers & Acquisitions Support: Assistance with valuation, financing, and execution of mergers or acquisitions.
• International Trade: Get support for global trade, including currency exchange and export financing.
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Step 5: Ongoing Account Management

• Dedicated Relationship Manager: Receive personalized service and regular check-ins to optimize your banking experience.
• Online Banking Platform: Manage accounts, payments, and reports digitally, with real-time insights into cash flow and transactions.
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Key Features of Commercial Banking with Illuminus Bank

1. Tailored Financial Solutions

   • Customizable loan terms and credit limits to meet unique business needs.
   • Competitive rates for commercial financing and trade solutions.

2. Secure Digital Banking

   • A robust online platform with advanced encryption to safeguard transactions.
   • Multi-user access for large teams with role-based permissions.

3. Global Reach

   • Cross-border payment solutions with competitive exchange rates.
   • Trade finance support for international businesses.

4. Business Perks and Rewards

   • Exclusive benefits like reduced loan processing fees and cashback on payments.
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Promotional Offers

• Fee Waivers: No account maintenance fees for the first 12 months.
• Preferred Rates: Exclusive rates for loans exceeding $100,000.
• Referral Bonuses: Earn rewards for referring other businesses to Illuminus Bank.
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