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Business Interest Checking
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A special interest account for sole proprietorships, non-profit
organizations and government agencies, which have a limited
number of transactions
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Competitive rate compounded daily, paid monthly
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Tiered Interest Rates
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No service charges when minimum average daily balance is
maintained
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Complete service capabilities regardless
of the size of your business
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Image statement
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Internet banking
Commercial Money Market
- No monthly service charge when a required minimum balance is maintained
- Funds are accessible with up to six pre-authorized transfers (No more than three (3) of these transfers can be payable to a third party.)
- Competitive interest rates compounded daily and paid monthly
- Tiered Interest Rates
- Image statement
- Internet banking
Commercial Prime Money Market
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Competitive interest rates for balances $50,000 and over compounded daily and paid monthly
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No monthly service charge when a required minimum balance is maintained
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Funds are accessible with up to six pre-authorized transfers (No more than three (3) of these transfers can be payable to a third party.)
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Tiered Interest Rates
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Image statement
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Internet banking
Freedom Business Savings
- No monthly service charge when a required minimum balance is maintained
- Competitive interest rates compounded daily, paid quarterly
- Interest rates are variable and subject to change
- Tiered Interest Rates
- Six (6) free withdrawals per quarter, small fee for additional withdrawals
Small Business Administration (SBA) Lending
Haven Trust Bank, a preferred SBA Lender (PLP),
offers SBA loans directly to small business owners. We have
PLP status in six states: Georgia, North Carolina, South
Carolina, Tennessee, Alabama and North Florida. Our
Preferred status with the Small Business Administration lets
us give you the fastest loan turnaround. With
loan terms ranging from 12 months to 25 years, this can be
a great way to launch your business and ease your growing pains.
SBA loans help you buy or expand a business, build inventory
and equipment, finance receivables, buy real estate, and fund
working capital. Haven Trust Bank’s SBA loan programs
are your ideal financing resource for your small business
needs.
We provide the following Small Business Administration
(SBA) Loan Programs:
SBA 7a Loan Program – loans up to $2.0 million
Borrower Benefits
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Long repayment terms, reducing monthly payments, up to 25 years.
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Low down payment, as little as 10%.
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Provides the necessary cash flow to for you to expand your business.
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Financing for most industry types including hotel/motel, gas station/convenience stores, restaurants, and daycares.
Loan Amounts
Use of Proceeds and Terms
- Real estate – purchase, construction, renovation or refinance of commercial real estate. Majority of the space must be owner occupied.
- Up to 90% financing, up to 25 years, prepayment penalty for the first three years, no penalty after year three.
- Business Acquisition – business, franchise, professional practice
- Up to 75% financing, up to 10 years, no prepayment penalty.
- Machinery & Equipment – purchase or refinance
- Up to 85%, up to 10 years, no prepayment penalty.
- Refinance – any existing business debt, SBA refinance criteria must be met.
- Up to 100%, up to 25 years, prepayment penalty is applicable for loan terms exceeding 15 years.
- Start up business – franchise or private industry
*
Up to 80%, up to 25 years, prepayment penalty is applicable for loan terms exceeding 15 years.
Other
- Rates are based upon a spread over the Wall Street Journal Prime Rate. Rates vary depending on the specific strengths of the transaction.
- SBA Guarantee Fee is paid directly to the U.S. Small Business Administration. Amount varies loan/guaranty amount. Other fees may apply.
- All 7a loans are amortizing and are assumable.
SBA 504 Loan Program
- Loans up to $4.0 million for owner-occupied commercial real estate transactions
Borrower Benefits
- Low down payment, as little as 10%.
- Long repayment terms, reducing monthly payments, up to 20 years.
- Provides the necessary cash flow to for you to expand your business.
- Many rate options including long term fixed terms.
Use of Proceeds and Terms
- Purchase, construction, renovation of owner-occupied commercial real estate.
- Refinance existing business debt is not permitted under the 504 loan program. Refinancing transactions would fall under the SBA 7a program.
Standard Loan Structure
Terms
- First mortgage:
- 20 years, full amortization
- Fixed, floating and variable rates available
- Competitive fee structure
- Prepayment penalty applies and is based upon applicable loan factors
- Second mortgage:
- Up to 20 years, full amortization
- Fixed rate is determined at SBA guaranteed 504 debenture sale
- Fees set by CDC
- Prepayment penalty for initial 10 years, none after year 10
SBA Express Loans – loans up to $350,000
Borrower Benefits
- Quick approval time and closing
- Low down payment, as little as 10% on real estate and start-ups
- Long terms loans, up to 25 years
- Short term loans
- Lines of credit
Loan Amounts
Use of Proceeds and Terms
- Real estate – purchase, construction, renovation or refinance of commercial real estate. Majority of the space must be owner occupied.
- Up to 90% financing, up to 25 years, prepayment penalty for the first three years, no penalty after year three.
- Business Acquisition – business, franchise, professional practice
- Up to 75% financing, up to 10 years, no prepayment penalty.
- Machinery & Equipment – purchase or refinance
- Up to 85%, up to 10 years, no prepayment penalty.
- Refinance – any existing business debt, SBA refinance criteria must be met.
- Up to 100%, up to 25 years, prepayment penalty is applicable for loan terms exceeding 15 years.
- Start up business – franchise or private industry
- Up to 80%, up to 25 years, prepayment penalty is applicable for loan terms exceeding 15 years.
Other
- Rates are based upon a spread over the Wall Street Journal Prime Rate. Rates vary depending on the specific strengths of the transaction.
- SBA Guarantee Fee is paid directly to the U.S. Small Business Administration. Amount varies loan/guaranty amount. Other fees may apply.
- All 7a loans are amortizing and are assumable.
Commercial Construction
Haven Trust Bank’s staff has collectively over 100 years of
residential and commercial construction financing experience. We
offer a full service construction department, with the skills
and experience to serve your financing needs.
Haven Trust Bank offers financing for:
- Acquisition and Development of Land
- Residential lot Purchases
- Commercial Site Purchases
- Residential Construction Loans
- Commercial Construction Loans
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Commercial and Industrial Lending
Haven Trust Bank’s staff has over 100 years of commercial lending experience. We offer a full variety of commercial loan products with skills and experience to serve your financing needs.
Haven Trust Bank offers financing
for:
- Facilities purchasing, construction
or refinancing
- Equipment Financing
- Lines of credit for working capital
(Receivables and Inventory)
- Investor real estate – office
and residential
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Automatic Transfer
Haven Trust Bank offers automatic
transfers between your Haven Trust Bank accounts. You may transfer
funds from any of your checking accounts to your savings account
or have your loan payments automatically deducted each month to
eliminate the risk of late charges.
ATM
24 –hour access to funds in your checking, money market
account or savings accounts if available through the paying organization.
Direct Deposit
Automatic deposits of funds into your checking or
savings accounts if available through the paying organization.
Internet Banking
Haven Trust Bank offers
online access to your accounts 24 hours a day with our convenient
Online Banking. Access your Haven Trust
Bank accounts and handle many of your financial transactions quickly
and easily...banking at your fingertips. Visit us at www.haventrustbankfl.com.
Overdraft Protection
Overdraft protection allows for automatic
transfers from another checking, savings or money market account
or pre-approved line of credit that protects you against accidentally
overdrawing your account.
Safe Deposit Box
Various
sizes available for safekeeping important documents and valuables.
| **Not
insured by FDIC |
Annual
Fee |
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$35.00 |
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$45.00 |
5
X 10 |
$75.00 |
10
X 10 |
$100.00 |
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Telephone Banking
As easy as dialing the phone, our Telebanc Access
Line makes access to your accounts quick and easy. Call 1-800-205-3009.
Commercial Checking Account Schedule of Fees
| Freedom Business Checking |
| Minimum Opening Deposit |
$100.00 |
| Service Charge per Month |
None |
| First 500 Items |
Free |
| > 500 Items |
$0.25 |
| Community Business Checking - For Non-Profit Organizations, Churches and Schools |
| Minimum Opening Deposit |
$100.00 |
| Service Charge per Month |
None |
| Minimum Balance Requirement |
None |
| Commercial Checking |
| Minimum Opening Deposit |
$100.00 |
| Monthly Service Charge |
Refer to Analysis |
| Business Interest Checking |
- For Sole Proprietorships, Non-Profit Organizations and Govt. Agencies with a limited number of transactions. |
|
| Minimum Opening Deposit |
$100.00 |
| Minimum Average Daily Balance |
$2,000.00 |
| Monthly Service Charge if Balance Falls Below Minimum |
$15.00 |
| First 50 Transactions |
Free |
| Each Additional Transaction |
$0.25 |
| Commercial Money Market |
| Minimum Opening Deposit |
$1,000.00 |
| Average Daily Balance Requirement |
$5,000.00 |
| Monthly Service Charge if Balance Falls Below Minimum |
$15.00 |
| 6 Pre-Authorized Transfers (no more than 3 can be third party checks) |
Free |
| Each Additional Transfer |
$5.00 |
| Commercial Prime Money Market |
| Minimum Opening Deposit |
$1,000.00 |
| Average Daily Balance Requirement |
$10,000.00 |
| Monthly Service Charge if Balance Falls Below Minimum |
$25.00 |
| 6 Pre-Authorized Transfers (no more than 3 can be third party checks) |
Free |
| Each Additional Transfer |
$5.00 |
Commercial Savings Account Schedule of Fees
| Freedom Business Checking |
| Minimum Opening Deposit |
$100.00 |
| Minimum Balance Requirement |
$1,000.00 |
| Monthly Service Charge if Balance Falls Below Minimum |
$10.00 |
| 6 Withdrawals Per Quarter |
Free |
| Each Additional Withdrawal |
$2.00 |
Itemized Analysis Fees
| Monthly Service Charge |
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Analyzed Commercial Interest Checking |
$15.00 |
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Commercial Checking |
$15.00 |
Other Itemized Fees |
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Credits |
$0.10 |
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Debits Paid |
$0.12 |
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ACH Credits |
$0.10 |
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ACH Debits |
$0.12 |
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Deposited On-Us Items |
$0.10 |
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Deposited Local Items |
$0.10 |
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Deposited Foreign Items |
$0.10 |
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Return Items |
$5.00 |
Other Financial Services Schedule of Fees
| Account Activity Printout |
$3.00 |
| Account Transfer Fee |
$5.00 |
| Research Item per Hour |
$25.00 |
| Official Check |
$6.00 |
| Collection Fee |
$25.00 |
Domestic Wire Transfer In/Out
In
Out |
$10.00
$15.00 |
| Garnishment/ Levies |
$25.00 |
| International Wire Transfer In/Out |
$35.00 |
| Insufficient Funds |
$28.00 |
| Overdrafts (per item) |
$28.00 |
| Overdraft Transfer Fee |
$5.00 |
| Return items |
$5.00 |
| Stop Payment |
$28.00 |
| Travelers Checks (per amount purchased) |
2% |
Commercial Checking
- No service charges when earnings allowance
credits are in excess of individual account activity charges
- Complete
service capabilities regardless of the size of your business
- Image
statement
- Internet banking
Freedom Business Checking
- No minimum balance required
- 500 items allowed with no monthly service
charge
- Complete service capabilities regardless of the size of your
business
- Free image statement
- Free Internet banking
A variety of deposit services can be integrated
to provide the ideal banking system for your business. Clear,
timely statements help you keep bookkeeping to a minimum. And
because we pride ourselves on personal attention to detail, you
can be sure your accounts will be handled efficiently and professionally.
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