Small Business Banking

This non-interest-bearing account is perfect for businesses with low monthly transaction activity.

With no minimum balance, no monthly maintenance fee and no items deposited fee, you and your small business will benefit from this relationship with Ledyard.

• No minimum balance.
• No monthly maintenance fee.
• No minimum to open.
• First 5 Deposits free ($0.05 each thereafter).
• No Items deposited Fee (items include checks deposited, paid or cashed).
• First 30 checks free ($0.20 each thereafter) for withdrawal charges per month.
• Free eStatements, $3.00 paper statement fee.

With tiered interest rates, the interest earned in your Money Market account may increase as your balance increases.

• Interest is earned on balances $1500 or greater.
• No monthly maintenance fee, unless daily balance falls below $1,500 any day of the month, in which case a $10 maintenance fee is charged.
• ​Minimum balance of $1,500 in the account each day is required to earn interest.
• No Items deposited Fee (items include checks deposited, paid or cashed).
• Free eStatement or $3 monthly service fee for printed statements.

Small Business Loans

Sometimes you need a cash-flow solution! We offer this flexible line of credit within a matter of days with our simple application.**

Key Features:

 

• Loan amount up to $50,000.
• Quick turnaround with online application.
• Easy access to the money you need, when you need it.
• A blanket lien on all business assets required.
• Low $300 fee.
• Interest is based on your credit score.

Small Business Term Loans

Looking to purchase equipment or make improvements? Access the funds you need within a matter of days with our simple application.**

Key Features:

• Quick turnaround on loans up to $100,000.
• Up to 100% of purchase financed.
• Flexible term options up to 10 years.
• Low $300 fee.