How 7 17 Supports Small Businesses

You hear it all the time: “Shop small!” “Support your local small businesses!” These small businesses are the lifeblood of many communities across the country. And at 7 17 Credit Union, we believe in doing what we can to support small businesses and their owners in our own little corner of Ohio.

Whether it’s helping you set up a checking or savings account or supporting your dream with a loan, we’re committed to fueling your growth. Explore what we offer and how 7 17 Credit Union understands the unique needs and challenges small businesses face.

How We Support Small Businesses

With a breadth of services and state-of-the-art technology, 7 17 Credit Union’s team members have an unmatched understanding of the valley’s small business climate. Plus, we live in the communities where you do business. This is why we’re uniquely committed to serving the local community through excellent service and support for local causes. We’re with you every step of the way, offering innovative financial solutions you can tailor to support your goals. 

Business Checking Accounts

Manage the coffers and help your business thrive with an easy-to-use checking account. Our business checking accounts offer free, convenient features to support small businesses, including:

• Business debit and credit cards
• eStatements 
• Mobile banking 
• Online check images
• Overdraft protection 

Best of all, there are no monthly maintenance fees or minimum balance requirements, and you’re insured up to $250,000. Organize your finances and plan for growth with a business checking account.

Small Business Payments

Being able to make electronic transfers quickly shouldn’t have to be a wish list item, so 7 17 makes sure it comes standard. We support small businesses like yours with our easy and secure Small Business Payments system that makes life easier.

• Pay employees or vendors with ACH.
• Collect customer payments and rent with ACH.
• Send same-day domestic wire transfers throughout the U.S.
• Make international wire transfers outside the U.S.
  
  

Merchant Services

Integrate technology into your processes, giving customers the flexibility they crave and the tools your business needs to succeed. Our credit union merchant services support small businesses with features and capabilities built for you:

• Accept wireless and mobile payments.
• Process credit cards and verify checks.
• Install and maintain retail point-of-sale equipment.

Get the services that work for you at rates that match. Ask how to secure lower fees based on the volume of your business.

Business Savings

Make your money work for you. Open a business savings account to keep growing your wealth over time. We support small businesses like yours with comprehensive digital banking tools and account flexibility.

• Carry just a $5 minimum deposit. 
• Earn competitive dividends when you keep a balance of $50 or more.

Not quite the right fit? You have choices! Grow your business with other savings options, such as a business money market account with tiered rates and higher dividends or certificates with fixed rates and predictable returns.  

Business Loans

Don’t let financial constraints stop you from pursuing your next major milestone. A business term loan supports small businesses by providing a fully customizable financial cushion for continued growth, whether you wish to buy equipment, start a new project, or expand the business. As the credit union industry grows, so does our lending portfolio. We offer loans ranging from $20,000-$20 million, helping you meet your business goals.

Craft a solution that fits your needs with:

• Repayment terms up to 25 years
• Tailored loans with competitive rates
• Expert advice from our business team

Not sure if it’s the right fit? Reach out to 7 17’s commercial lending department to discuss various loan options, such as a commercial real estate loan, business line of credit, or Small Business Administration loan.

Let 7 17 Credit Union Support YOUR Small Business

Looking for financial support, account options, or payment services? Turn to your friendly neighborhood credit union. With so many regional banks in our backyard, we are your neighbors. We’re people helping people — and we can’t wait to guide your business. Get in touch today to discuss your goals and the right path for your needs.