Operating accounts
Analysed checking with a monthly earnings credit, sub-accounting by entity or location, and consolidated reporting across the group.
Business Banking
A bank that understands the owner and the enterprise
Credit decisions made locally, treasury tools that scale with volume, and a team that reads the business and the family balance sheet as one picture.
Typical revenue served
$2m – $250m
Privately held companies and professional firms
Credit decision
5 – 10 days
On a complete working capital request
Advance rates
85% / 50%
Eligible receivables / eligible inventory
Relationship review
Annual
Structure, pricing and covenants revisited
Services
Treasury, payments and credit in one relationship
Operating accounts, payment controls and credit are underwritten and priced together, so balances left with the bank reduce what you pay for services.
Treasury management
ACH origination with per-file limits, positive pay and payee match, lockbox, remote deposit capture and end-of-day liquidity sweeps.
Working capital
Revolving lines against a receivables and inventory borrowing base, sized to your operating cycle and monitored on a monthly certificate.
Owner integration
Business and personal balance sheets underwritten together, including shareholder loans, distributions and succession liquidity.
Professional firms
IOLTA and escrow structures, partner capital loans, buy-in financing and distribution banking for partnerships.
Merchant and payroll
Card acceptance, payroll funding and integration with your existing accounting and payroll providers by secure file feed.
Operating accounts
Deposit and treasury solutions
Each account is designed around a specific cash-flow purpose, with analysed earnings credits, sub-accounting and automated sweeps where the business needs them.
| Account / service | Pricing model | Key features | Typical use |
|---|---|---|---|
| Analysed Business Checking | Earnings credit applied against monthly service charges; minimum balance requirement | Unlimited transactions, ACH origination, wire templates, positive pay, remote deposit | Companies with regular deposit and payment activity |
| Commercial Checking | Flat monthly fee; per-item charges above transaction allowance | Cheques, deposits, ACH and online transfers with online reporting | Smaller or seasonal businesses |
| Sweep / Liquidity Account | Earnings credit or money-market yield on end-of-day balances | Automated sweep to line paydown or money-market account | Surplus operating cash awaiting deployment |
| Escrow / Client-Money Account | Per-matter or pooled interest allocation; IOLTA-compliant reporting | Sub-accounting, detailed statements and audit-ready reconciliations | Law firms, agents, fiduciaries and special-purpose vehicles |
Indicative summary. Specific terms are set out in the treasury services agreement and account agreement.
Industries we focus on
- Professional services — law, accounting, architecture and consulting partnerships
- Family-owned manufacturing, distribution and logistics companies
- Commercial real estate sponsorship and property-management entities
- Private investment funds and holding companies
- Healthcare practices and medical-office owners
- Not-for-profits, foundations and endowments
How we price the relationship
Treasury charges are accumulated monthly and offset by an earnings credit calculated on your average collected balances. A strong deposit position can therefore reduce or eliminate hard-dollar treasury fees. Credit facilities are priced to the whole relationship, including compensating balances, personal guarantees and the broader family banking profile.
Before any facility is underwritten, you receive a term sheet stating amount, tenor, collateral, covenants, pricing and expected closing timetable.
Credit
Indicative credit facilities
Every facility is documented with a term sheet setting out amount, tenor, collateral, covenants and pricing before diligence begins.
| Facility | Typical size | Tenor | Collateral | Indicative pricing |
|---|---|---|---|---|
| Revolving line of credit | $250,000 – $15,000,000 | 12 months, renewable | Receivables and inventory borrowing base | Prime + 0.50% – 1.75% |
| Equipment term loan | $100,000 – $10,000,000 | 3 – 7 years | Financed equipment | Fixed 6.25% – 8.00% |
| Owner-occupied real estate | $500,000 – $25,000,000 | Up to 25 years | First mortgage, 75% LTV | Fixed 6.00% – 7.25% |
| Business acquisition term debt | $1,000,000 – $30,000,000 | 5 – 10 years | All business assets and guarantees | Priced to structure |
Indicative figures, current as at the date shown. All credit is subject to approval, satisfactory diligence and final documentation.
Treasury pricing
Treasury management charges
Charges are billed through account analysis and offset by the earnings credit on your collected balances.
| Service | Charge | Notes |
|---|---|---|
| ACH origination | $0.12 per item | Same-day ACH available at $1.00 per item |
| Positive pay with payee match | $60 per month | Includes reverse positive pay on ACH |
| Lockbox (wholesale) | $225 per month | Plus $0.55 per item processed |
| Remote deposit capture | $45 per month | Per scanner, first scanner included at $1m balances |
| Liquidity sweep | $95 per month | Target-balance sweep to money market or line paydown |
| Wire origination (domestic) | $18 per wire | Repetitive templates with dual approval |
Indicative schedule, current as at the date shown.
Covenants we commonly set
- Minimum fixed charge coverage of 1.20x, tested quarterly
- Maximum funded debt to EBITDA of 3.00x, tested quarterly
- Minimum tangible net worth stepping up with retained earnings
- Annual clean-down of the revolver for 30 consecutive days
What to send with a request
- Three years of accountant-prepared financial statements and tax returns
- Current interim statement and receivable and payable ageings
- Debt schedule with lender, balance, rate and maturity
- Guarantor personal financial statements and two years of returns
How we work with you
- Credit authority sits with officers who know your company
- Direct numbers for your banker and treasury analyst
- A formal annual review of structure, pricing and covenants
- Payment controls configured with your controller, not a call centre
Questions
Common questions
+How is an analysed checking account priced?
Each month we calculate an earnings credit on your average collected balance and apply it against the charges for the services you used. Where the credit exceeds the charges, no fee is billed; where it falls short, only the difference is charged.
+How long does a credit decision take?
A completed working capital request is normally credit-approved within five to ten business days. Facilities requiring appraisal, environmental review or field examination take longer, and we tell you the expected timetable at term-sheet stage.
+What financial reporting will you ask for?
Typically annual accountant-prepared financial statements, interim statements quarterly, an accounts receivable and payable ageing where a borrowing base applies, and personal financial statements and tax returns from guarantors.
+Do you support client and escrow accounts?
Yes. We administer IOLTA, escrow and client-money structures with sub-accounting, per-matter interest allocation and reporting suited to law firms, agents and fiduciaries.
+Can treasury balances offset credit pricing?
Yes. Operating deposits, short-term liquidity and compensating balances are considered when pricing both treasury services and credit facilities. The relationship is underwritten as a whole, so a stronger deposit position may reduce overall borrowing cost.
+Is there a minimum business size?
We typically work with privately held companies with annual revenue of $2 million to $250 million, professional firms, and family-owned enterprises. Companies outside that range are considered when the ownership group has a broader relationship with the bank.
Rates, advance rates, covenants and charges shown are indicative and may change without notice. They are not an offer or commitment to lend. All credit is subject to approval and final documentation.