Commercial Banking at Illuminus Bank provides tailored financial services for businesses of all sizes, ensuring seamless operations, growth opportunities, and expert guidance.
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).
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.
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.
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.
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.
Key Features of Commercial Banking with Illuminus Bank
Tailored Financial Solutions
- Customizable loan terms and credit limits to meet unique business needs.
- Competitive rates for commercial financing and trade solutions.
Secure Digital Banking
- A robust online platform with advanced encryption to safeguard transactions.
- Multi-user access for large teams with role-based permissions.
Global Reach
- Cross-border payment solutions with competitive exchange rates.
- Trade finance support for international businesses.
Business Perks and Rewards
- Exclusive benefits like reduced loan processing fees and cashback on payments.
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.