You’ve got an exciting road ahead and, with Webster by your side, you’ll have the support you need on your path to success.
Congratulations! Starting a new business is thrilling, rewarding, and let’s be honest, a little overwhelming. So to make sure you have the strong foundation you need to handle what comes your way, Webster is here to help.
From the initial start-up money and bank accounts to insurance services and employee benefits, we can provide the resources right for your objectives. For businesses in a specialized industry, Webster also offers tailored services for your particular needs.
So whether you’re still dreaming up your business idea or about to buy your first copy machine, Webster can work with you to bring your business to life, build it from the ground up, and keep it growing strong.
Webster’s Solutions Can Offer Your Business
The accounts + services that make sense for your business
Please see Tab 'Banking Basics'.
Borrowing options customized for your business needs
Please see Tab 'Financing Options'.
Comprehensive insurance options to protect your assets and manage risks
Please see Tab 'Business Protection'.
No matter what your business, you’ll need the right bank accounts to get you started. From no-frills to full-service, Webster has designed a variety of checking and savings accounts to fit your unique business needs.
Accounts that Fit Your Business
Webster Business Value Checking, our low-cost account that includes all the services every business owner needs, may be ideal for your business. Pair it with our popular Webster Business Value Savings account, which has a low minimum balance requirement and convenient ways to avoid fees, for an easy way to earn interest on your hard-earned money.
For higher-volume checking, Webster offers Commercial Checking for Small Business, for companies with balances of $25K or higher, and Checking with Interest, designed for sole proprietors, non-profits, and government agencies. Both have low fees, and neither requires a minimum balance.
In addition to our general business accounts, Webster offers IOLTA Checking for law firms and IOREBTA Checking for real estate agencies. These interest-bearing accounts have no monthly service charges or minimum required balances, and provide an ideal place to hold clients’ funds. Among other industry-specific features, they provide automatic interest transfers to local industry authorities for simplified bookkeeping.
For higher-yield savings, Premier Business Money Market offers our most competitive interest rates to customers who also have Webster Complete Business Checking or Commercial Checking for Small Business. There is no monthly service charge and rates are tiered – so, the higher your balance, the greater your rate.
Bank at Your Convenience
When you’re starting a business, we realize that trips to the bank don’t always fit in your daily agenda. So as a Webster Small Business customer, you’ll have access to checking conveniences like the free Webster Visa® Business Check Card for instant access to your money, Overdraft Protection that helps cover unexpected cash needs, Business Remote Deposit to easily deposit customer checks from the convenience of your office or place of business, and Payroll Services, including Direct Deposit, for time and cost-saving ways to pay your employees.
And no matter what accounts you choose, you can always manage them online 24/7 with Online Banking. Plus, with Online Bill Pay + Tax Payments, you can pay everyone from your electric company to your office-supply vendor simply and securely.
To help start your new business, Webster offers a variety of financing options for your needs. So whether you’re looking to buy property or renovate your space, purchase inventory or equipment, train your staff or hire new employees, we can help you build your business the way you want.
Lending* Just for Small Businesses
Our suite of Business credit cards offers the flexibility to separate business expenses from personal expenses, access to free spending reports and the purchasing power you need to manage your business cash flow.
To jump-start your business, a Small Business Term Loan from Webster may offer the long-term financing option you’re looking for. Our Term Loans allow you to borrow a lump sum of money for a variety of purposes, and it comes with the flexible terms, customized repayment plans, and competitive rates ideal for a new business. And if you’re a Webster business checking account customer, you’ll also enjoy preferred rates.
For convenient access to funds for last-minute needs and opportunities, you may also want to consider our Small Business Lines of Credit. They make cash readily available, and can provide a safety net if you ever need it.
When you’re having difficulty meeting the requirements of conventional commercial loans, Webster also offers SBA Loans. As a Preferred Lender with the Small Business Administration (SBA), Webster can offer the fast approvals and special flexibility you need.
Solutions Tailored to Your Industry
At Webster, we have financing solutions* for many different industries, such as Accounting, Not-for-Profit, Legal, Medical, and Condo Associations. By working closely with you to understand your objectives, we’ll customize products and services to meet your unique demands.
Financing + Refinancing for Real Estate*
For your own real estate needs, Webster offers customized financing for Commercial Real Estate. So whether you’re looking to buy existing space or build the space you’ve always wanted, we can help.
If real estate investing is more your business, Webster also offers financing for Commercial Real Estate Investors.
* All credit products and pricing are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply. SBA guaranteed products may also be subject to additional terms, conditions and fees. Requires a Webster business checking account which must be opened prior to loan closing and which must be used for auto-deduct of payment.
Whether your business is large or small, your assets are worth a lot. Webster offers insurance products and services, through our relationship with USI Insurance Services, to minimize your financial risk by protecting your business with coverage designed for businesses like yours.
Keeping Your Assets Safe
Perhaps the most basic protection is Commercial Property and Casualty Insurance, which covers your business against liability for property loss or damage, as well as personal injury. You can also choose additional coverage based on your individual needs, like Workers' Compensation or Commercial Auto Insurance.
And to help you prevent losses before they happen, Webster also offers Loss Control Services for Employee Safety, Fleet, and Property and Liability Services. By reducing potential liability exposures in your workplace, you can save time, money, and even lives.
Insurance and risk management services offered through a marketing relationship with USI Insurance Services of Connecticut, Inc., a subsidiary of USI Holdings Corporation, which is a portfolio company of Goldman Sachs Capital Partners.