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Monarch Community Bank offers a wide variety of commercial loan and deposit solutions to help today's business owner succeed. Every one of our offices is capable of servicing your business account, whether you're making a payment, deposit or just need some cash for the day.
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A Variety of Financing Solutions
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As you can see from the list below, we have a solution for virtually all of your commercial financing needs. We want to be your partner in success!
- Commercial real estate
- Commercial construction
- Seasonal loans with modified payment schedules
- Revolving line of credit
- Installment
- Accounts receiveable financing
- Letters of credit
 Agricultural loans
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Free Business Checking
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Need to place an order for checks, deposit tickets, endorsement stamps or any other supplies? Contact Deluxe direct at
(800) 252-3414
and be sure to get exactly what you need for your business!
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$100 minimum to open
- First 75 debit transactions per statement cycle FREE ($0.50 per debit transaction thereafter)
- FREE Direct Deposit
- FREE phone banking
- FREE ATM/debit cards (subject to approval)
- FREE unlimited deposits
- FREE internet banking
- FREE night drop services
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- FREE NetTeller online banking with BillPay available
- FREE online commercial cash management
- Direct Deposit payroll services
- ACH credit and debit origination
- Make online wire transfers
- Pay federal tax payments
- No charge to purchase rolled coin
- Other charges may apply (see us for details)
- Monthly statement
- Overdraft sweep protection (optional)
- Line of credit overdraft protection (subject to approval)
- Check images returned (optional)
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Commercial Checking
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Need to place an order for checks, deposit tickets, endorsement stamps or any other supplies? Contact Deluxe direct at
(800) 252-3414
and be sure to get exactly what you need for your business!
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$100 minimum to open
- Earnings credit or account analysis to help offset $10 monthly service charge
- FREE Direct Deposit
- FREE phone banking
- FREE ATM/debit cards (subject to approval)
- FREE unlimited deposits
- FREE internet banking
- FREE night drop services
- FREE NetTeller online banking with BillPay available
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- FREE online commercial cash management
- Direct Deposit payroll services
- ACH credit and debit origination
- Make online wire transfers
- Pay federal tax payments
- No charge to purchase rolled coin
- $.15 per paid debit transaction
- Other charges may apply (see us for details)
- Monthly statement
- Overdraft sweep protection (optional)
- Line of credit overdraft protection (subject to approval)
- Check images returned (optional)
- Repurchase agreement sweep accounts (coming soon)
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Excel Small Business Checking
(Sole Proprietorships, Doing Business As accounts, most non-profits)
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Need to place an order for checks, deposit tickets, endorsement stamps or any other supplies? Contact Deluxe direct at
(800) 252-3414
and be sure to get exactly what you need for your business!
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$100 minimum to open
- $1,000 minimum daily balance to avoid a $5 monthly service charge
- FREE Direct Deposit
- FREE phone banking
- FREE ATM/debit card (subject to approval)
- You may make 20 deposits per statement cycle for FREE and for each additional deposit thereafter you will be charged $1.00
- FREE internet banking
- FREE night drop services
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- FREE NetTeller online banking with BillPay available
- FREE online commercial cash management
- Direct Deposit payroll services
- ACH credit and debit origination
- Make online wire transfers
- Pay federal tax payments
- No charge to purchase rolled coin
- Monthly statement
- Overdraft sweep protection (optional)
- Line of credit overdraft protection (subject to approval)
- Check images returned (optional)
- First 100 checks paid per statement cycle ($.25 each above 100)
- Interest rate tiers (see us for current rates):
- Tier 1 - $0.00 to $499.99 (no interest earned)
- Tier 2 - $500.00 to $2499.99
- Tier 3 - $2500.00 to $4999.99
- Tier 4 - $5000.00 to $7499.99
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Services to Make Banking Easy
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- Night deposit processing
- Treasury, Tax & Liability (TT&L) payment processing
- EFTPS enrollment assistance
- Wire and ACH services
- Online cash management
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Helping You Succeed
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Important: E-mail messages are unsecured and information such as Social Security number,
account number, passwords, etc. should not be included in your e-mail.
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Eric Anglin, VP
Commercial Lending Manager
Phone: (517) 279-3915
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Tim Muckel, AVP
Commercial Lending
Phone: (517)
279-3916
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Kirk Schwarz, AVP
Commercial Lending
Phone: (800)
882-2911 x2114
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Jerry Yoder,
AVP
Commercial
Lending
Phone: (800)
882-2911 x6013
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Business Plan Starting Points
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Thanks for choosing Monarch Community Bank as your Commercial Lender. In order to expedite the loan approval process may we suggest that you include the following information in your Business Plan for new loan applications:
Business Specifics Section
- Include: your full business name, business registration, business history, business description, company's legal structure, Business License and Federal ID Number
- Copies of Articles Incorporation or Partnership Agreement
Financial Section
- Amount of request
- Purpose of request specifics like invoices and purchase agreements should be included
- Business financial statements (accountant prepared are recommended) for the past 3 years or next 3 years of projections if a new business
- Statements/projections to include a balance sheet and income and expense statement and statement of cash flow
- Personal financial statements for each principal owning more than 30% of the business
- Individual personal tax returns of the principals
Marketing Section
- Market research
- Marketing plan
- List of competitors
- What differentiates your product or service from your competitors
Conclusion
- Summary of management team
- Long term business goals
- Other relevant Information
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Useful Websites*
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- Michigan.gov Online Business Startup Wizard - The Online Business Startup Wizard is a new interactive tool to guide users through completing forms needed to start their business.
- Michigan Small Business & Technology Center - This state center supports 12 regional offices and over 60 satellite offices, each providing counsel and training to small business owners and entrepreneurs throughout the 83 counties in Michigan.
- Online Women's Business Center - There are over 9 million women-owned businesses in the United States. The SBA created this site to address the specific challenges for women-owned businesses
- United States Small Business Administration - Visit the SBA's site for useful information intended to help the small business owner. Be sure to check out their Financing section, and then contact one of our loan officers for further assistance.
*Please note that while visiting the above links they are outside of our site and
Monarch Community Bank has no control over their content or availability.
Each link will open a new window in your browser, so be sure to
close it to come back to our site.
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