Open Accounts & Analyze Cash Flow

💼 Hello! I'm here to help your business with banking solutions, from account setup to lending options. Whether you're starting a new business or growing an existing one, I can guide you to the right financial tools. What brings you here today?

Congratulations on starting your consulting business! I can help you set up the right banking foundation and explore future lending options as you grow.\n\n🏢 Business Checking Account Setup:\n\nBusiness Information Needed:\n📋 Business Structure - LLC, Corporation, Sole Prop, Partnership?\n📄 Business Name - Legal name and DBA (if different)\n🆔 EIN/Tax ID - Federal tax identification number\n📍 Business Address - Physical location or home-based?\n📅 Business Age - When was business established?\n\nAccount Type Recommendations:\n\n💰 Basic Business Checking:\n• Monthly Fee - $10-15 (often waived with minimum balance)\n• Transaction Limits - 200-500 free transactions/month\n• Minimum Balance - $500-2,500 to avoid fees\n• Best For - New businesses with moderate activity\n\n⭐ Business Premium Checking:\n• Monthly Fee - $25-40\n• Transaction Limits - Unlimited transactions\n• Additional Services - Wire transfers, cashier's checks\n• Best For - Higher transaction volume businesses\n\n🏦 Business Savings Options:\n• Business Money Market - Higher interest on larger balances\n• Business Savings - Emergency fund and tax savings\n• CD Options - Fixed rates for surplus cash\n\nFuture Lending Options Analysis:\n\n📈 Consulting Business Growth Lending:\n\n💳 Business Credit Card:\n• Initial Limit - $5k-25k (based on credit/revenue)\n• Rewards - Cash back on business expenses\n• Credit Building - Establish business credit history\n• Qualification - Personal credit + business plan\n\n💰 Business Line of Credit:\n• Amount - $10k-250k (as business grows)\n• Usage - Cash flow gaps, opportunities\n• Qualification - 6-12 months bank history typically\n• Interest - Only pay on amount used\n\n🏢 Term Loans (Future Growth):\n• SBA Loans - Government-backed, lower rates\n• Equipment Financing - For office setup, technology\n• Working Capital - Business expansion funding\n• Revenue-Based - Based on consulting income\n\nCash Flow Planning for Consultants:\n\n📊 Consulting-Specific Considerations:\n🗓️ Payment Terms - Net 30/60 day client payments\n💰 Irregular Income - Project-based revenue cycles\n💳 Business Expenses - Travel, technology, marketing\n🏦 Seasonal Patterns - Holiday/summer slowdowns\n📈 Growth Investment - Marketing, certification, tools\n\nBanking Services for Growth:\n💳 Merchant Services - Accept credit card payments\n🌐 Online Banking - ACH transfers, mobile deposit\n💰 Payroll Services - When you hire employees\n🏦 Cash Management - Sweep accounts, investments\n\nGetting Started Checklist:\n✅ Business License - Required in your state/city\n✅ EIN Application - IRS tax ID (free from IRS.gov)\n✅ Business Plan - Even simple one-page version\n✅ Initial Deposit - $100-500 typically required\n\nNext Steps Available:\n📋 Account application - Complete business checking setup\n📊 Credit assessment - Future lending qualification\n💰 Cash flow planning - Consulting business projections\n👥 Business banker - Speak with SMB specialist\n📚 Resource center - Small business banking guides\n\nConsulting businesses often have unique cash flow patterns - I can help you plan for that! Would you like to start the account opening process or explore the lending qualification assessment? 💼✨