Business Banking

What do I need to apply for a Business Line of Credit?

To complete the application, you’ll need to provide general information about your business and personal information about each owner, including the following:

For the business:

  • Tax Identification Number (TIN)
  • Most Recent Federal Business Tax Return (complete return required)
  • Number of years you have owned the business
  • Information on your current business deposit & loan accounts (if not with Webster Bank, N.A.)

For the owner(s):

How can I access my Business Line of Credit?

You can access your line by check or by making a transfer via Online Banking.

Should I choose a Business Loan or Business Line of Credit?

Generally, a line of credit is a good choice if you aren’t sure exactly how much money you’ll need and over what period of time you’ll need it. A line of credit provides the working capital that every business should have to support its cash flow. A loan, on the other hand, is ideal if you want access to a one-time lump sum of money and more predictable repayment terms. Get in touch with a Webster Banker today for help choosing the right product for you.

What do I need to apply for an SBA Financing Solution?

To complete the application, you’ll need to provide general information about your business and personal information about each owner, including the following:

For the business:

  • Tax Identification Number (TIN)
  • Most Recent Federal Business Tax Return (complete return required)
  • Number of years you have owned the business
  • Information on your current business deposit & loan accounts (if not with Webster Bank, N.A.)

For the owner(s):

What is an SBA Financing Solution?

The SBA, or Small Business Administration, has financing solutions designed for business owners who have needs beyond conventional loans. Webster Bank works with the SBA as a Preferred Lender to help you access these programs and get the support and cash flow that your business needs. Work with a Webster SBA Financing Specialist today to find lending terms that work for you.

What are the requirements to apply for a business term loan?

If you have a business, we’re here to help. Whether you’re a start-up or a more mature operation, we encourage you to reach out to a Webster Banker to talk about your lending needs.

What do I need to apply for a business term loan?

To complete the application, you’ll need to provide general information about your business and personal information about each owner, including the following:

For the business:

  • Tax Identification Number (TIN)
  • Most Recent Federal Business Tax Return (complete return required)
  • Number of years you have owned the business
  • Information on your current business deposit & loan accounts (if not with Webster Bank, N.A.)

For the owner(s):

What is a term loan?

A term loan is a lump sum you borrow and repay in regular payments over a set period of time.

How do I get started?

Getting started is easy! If you are already enrolled in Webster Online Services, simply sign in to your account and access the Remote Deposit menu, click Make a Deposit and follow the application instructions. If you are not enrolled in Webster Online Services, you must first enroll before you can apply. Learn more.

Once your enrollment information is received, an implementation specialist will contact you to assist with the setup of your scanner and conduct training on how to use this service.

Is there a cost for the Business Remote Deposit service?

Yes, there is a monthly fee of $45 with a business checking account or $35 with Webster Complete Business Checking.

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