Banking Role in Small Business
Facilities offered by Banks to Small Businesses
Most of the banking institutions at present recognize the financial needs of the small business owners.
The following products and services are normally provided by the banks to their small business clients:
- Processing of Merchant Cards
- Checking Accounts
- Savings Accounts
- Credit Cards
- Certificates of Deposit
The banks are also enabling the small business enterprises to increase the dimensions of their business by providing them with a number of services and products that help them to accomplish this end. There are also additional facilities of online banking that are provided to the small business entities.