Financial Cents | Arizona's Financial Podcast

The 5 Business Bank Accounts and Services a Small Business Needs

April 10, 2024 Brent Cannon and Chris Sarver Season 3 Episode 1
The 5 Business Bank Accounts and Services a Small Business Needs
Financial Cents | Arizona's Financial Podcast
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Financial Cents | Arizona's Financial Podcast
The 5 Business Bank Accounts and Services a Small Business Needs
Apr 10, 2024 Season 3 Episode 1
Brent Cannon and Chris Sarver

What bank accounts and services does a small business need? What financial tools are available for small business owners who are just starting out? How can a relationship with a local business banker help you be proactive in operating your business?

Starting off Season 3 of Financial Cents, Chris Sarver, vice president and business banking team lead at National Bank of Arizona, joins host Brent Cannon, executive vice president and director of community banking at National Bank of Arizona, to discuss the 5 most important accounts and services a small business owner needs for their business.

Though a business checking account may be the starting point for any business owner, a business credit card can help manage the cash flow cycle, treasury management can help the business pay vendors and get paid by clients quickly and efficiently, and lending can help the business expand. But perhaps the most important service a business owner can have is a relationship with their local business banker.

Need a business banker for your business? https://www.nbarizona.com/business/ 

#banking #business #smallbusiness

All price references and market forecasts correspond to the date of this recording. This podcast should not be copied, distributed, published or reproduced in whole or in part. The information contained in this podcast does not constitute research, recommendations, representations or warranties as to the accuracy or completeness of the statements of any information contained in this podcast and any liability from Zions Bancorporation, N.A. or its divisions (including direct, indirect, or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast may not be those of Zions Bancorporation, N.A. or any of its divisions. Zions Bancorporation, N.A. is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of advice, investment or otherwise, by Zions Bancorporation, N.A. to that listener, nor to constitute such person a client of Zions Bancorporation, N.A.  Credit card accounts are subject to credit approval. Certain terms, conditions, and restrictions apply. See the credit card application and disclosures for more details. Offers are available for new credit card accounts only and subject to change at any time. Loans subject to credit approval. Certain terms, conditions and restrictions apply; contact bank for details. SBA Loans are subject to credit approval and SBA approval. Terms and conditions apply. See banker for details. Terms, conditions and fees apply for Treasury Management Solutions and Positive Pay. Contact a banker for details. Merchant Services products and services are provided by Clover affiliate First Data Merchant Services LLC and not by National Bank of Arizona, a division of Zions Bancorporation, N.A. Member FDIC. Remote Deposit Service is subject to credit approval. Terms and conditions apply. Certain hardware and software requirements may apply. Remote Deposit Capture and Business Mobile Remote Deposit Capture require enrollment in the Treasury Management Remote Deposit Capture service. Acceptance of Client Agreements is required for Remote Deposit Capture service and a User Agreement must be accepted by each mobile application user. Service and transaction fees apply. Fee may apply for early termination. Subject to data coverage. Message and data fees from your wireless provider may apply. See a banker for full details. Copyright reserved by Zions Bancorporation, N.A. National Bank of Arizona is a division of Zions Bancorporation, N.A. Member FDIC.

Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

Show Notes Chapter Markers

What bank accounts and services does a small business need? What financial tools are available for small business owners who are just starting out? How can a relationship with a local business banker help you be proactive in operating your business?

Starting off Season 3 of Financial Cents, Chris Sarver, vice president and business banking team lead at National Bank of Arizona, joins host Brent Cannon, executive vice president and director of community banking at National Bank of Arizona, to discuss the 5 most important accounts and services a small business owner needs for their business.

Though a business checking account may be the starting point for any business owner, a business credit card can help manage the cash flow cycle, treasury management can help the business pay vendors and get paid by clients quickly and efficiently, and lending can help the business expand. But perhaps the most important service a business owner can have is a relationship with their local business banker.

Need a business banker for your business? https://www.nbarizona.com/business/ 

#banking #business #smallbusiness

All price references and market forecasts correspond to the date of this recording. This podcast should not be copied, distributed, published or reproduced in whole or in part. The information contained in this podcast does not constitute research, recommendations, representations or warranties as to the accuracy or completeness of the statements of any information contained in this podcast and any liability from Zions Bancorporation, N.A. or its divisions (including direct, indirect, or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast may not be those of Zions Bancorporation, N.A. or any of its divisions. Zions Bancorporation, N.A. is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of advice, investment or otherwise, by Zions Bancorporation, N.A. to that listener, nor to constitute such person a client of Zions Bancorporation, N.A.  Credit card accounts are subject to credit approval. Certain terms, conditions, and restrictions apply. See the credit card application and disclosures for more details. Offers are available for new credit card accounts only and subject to change at any time. Loans subject to credit approval. Certain terms, conditions and restrictions apply; contact bank for details. SBA Loans are subject to credit approval and SBA approval. Terms and conditions apply. See banker for details. Terms, conditions and fees apply for Treasury Management Solutions and Positive Pay. Contact a banker for details. Merchant Services products and services are provided by Clover affiliate First Data Merchant Services LLC and not by National Bank of Arizona, a division of Zions Bancorporation, N.A. Member FDIC. Remote Deposit Service is subject to credit approval. Terms and conditions apply. Certain hardware and software requirements may apply. Remote Deposit Capture and Business Mobile Remote Deposit Capture require enrollment in the Treasury Management Remote Deposit Capture service. Acceptance of Client Agreements is required for Remote Deposit Capture service and a User Agreement must be accepted by each mobile application user. Service and transaction fees apply. Fee may apply for early termination. Subject to data coverage. Message and data fees from your wireless provider may apply. See a banker for full details. Copyright reserved by Zions Bancorporation, N.A. National Bank of Arizona is a division of Zions Bancorporation, N.A. Member FDIC.

Check out more content Financial Cents content by visiting: https://www.nbarizona.com/financial-cents/

Intro
The 5 Most Important Business Accounts
Chris Sarver's Background and Business Banking Team
Business Checking Account - #1
Business Credit Cards - #2
Building Business Credit
Treasury Management - #3 (Merchant payments, ACH, Remote Deposit, Fraud Protection)
SBA or Conventional Loans - #4
Relationship with a Local Banker - #5
Money Market Account and Lines of Credit
Getting Personal Loans as a Business Owner
Recap on Top 5 Accounts
Disclosures