Loans
“I believe in our Community and the small businesses working and living here. If and when we have the opportunity to support that business we’ll make every effort to make it happen.”
– Neil McCurry, President & CEO
Lending
Sabal Palm Bank lending staff has been living and lending in the Sarasota/Manatee area for over 25 years. They have played an active role in commercial real estate, small business development and association lending. Our experienced loan officers will listen to your needs. Whether you have a simple or complex deal, we have the resources to fund or support funding of all types of commercial transactions. We are also proud to be one of the safest financial institutions in the country, with a 5 Star Bauer Rating.
EVP, Senior Lending Officer
941-806-0423
RHalloran@SPBank.com
VP, Commercial Lender
941-806-5495
JPilkington@SPBank.com
Commercial Real Estate
Sabal Palm Bank lenders will always take the time to know your business. With that insight, together we will tailor financing for any types of commercial property.
Term Loans
When it is time to purchase equipment or vehicles, consolidate debt, or make tangible business improvements, talk with an experienced Sabal Palm Bank Lender.
Lines of Credit
Write yourself a loan when you need capital, have equity concerns, or have a new business opportunity.
All credit decisions are subject to approval. Property insurance, flood hazard insurance, appraisal or other requirements may apply.
Business Specialists
Our experienced Business Specialists are ready to help. With a priority on finding the right solutions for your particular business, we can help with all your banking needs.
NMLS# 673329
VP, Branch Manager
941-806-5481 GHouseworth@SPBank.com
NMLS# 468733
AVP, Business Development
941-806-5480 CLewis@SPBank.com
NMLS# 1674685
VP, City Exec, Venice, Retail Manager
941-806-5483 TMurphy@SPBank.com
Deposit Accounts
Features & Benefits
Available with all Commercial Checking Accounts at Sabal Palm Bank
- MasterCard EMV chip Debit Card
- Online Banking with Bill Pay
- Mobile Banking including Mobile Deposits
- Cash Management Services including:
- Remote Deposit Capture
- ACH Services
- Wire Transfer Services
- Positive Pay Fraud Prevention
- Combined Statements/Electronic Delivery of Statements
- Access to Presto or Bank ATM machines at no charge
Other Services:
- Commercial Loans to Meet most Business Needs
- Retirement Accounts
- Personal Service with Every Call
| FEATURES | Everyday Business Checking | Community Business Checking | Non-Profit Interest Checking | Analysis Checking | Business Money Market Account | Business Savings Account |
|---|---|---|---|---|---|---|
| Why | Checking made simple and easy for the small business | More transactions allowed for the more active small business | An economical solution for non-profit companies | For a more robust business, earn credits to offset transaction fees | Earn interest with limited access to your funds | Earn interest with greater access to your funds |
| Account Fee | $15 per month if average daily collected balance falls below $500 | $20 per month if average daily collected balance falls below $2,500** | None | $15 per month may be offset by earnings credit | $15 per month if average daily collected balance falls below $2,500 | $5 per quarter if average daily collected balance falls below $300 |
| Transaction | 200* transactions per month at no cost. $.25 per additional item | 500* transactions per month at no cost. $.25 per additional item | 300* transactions per month at no cost. $.25 per additional item | Priced per item | $15 per withdrawal transaction in excess of 6 per month | $10 per withdrawal transaction in excess of 6*** per month |
| Interest | Not Applicable | Not Applicable | Tiered beginning at $.01 | Not Applicable | Tiered beginning at $.01 | Non-tiered |
| Compounding | Not Applicable | Not Applicable | Daily and credited monthly | Not Applicable | Daily and credited monthly | Daily and credited quarterly |
Minimum opening balance for all Sabal Palm Bank business checking accounts is $100.00.
* Transactions include: Checks paid, debits, credits and deposited items.
**Service Charge can be waived with a related Business Savings or Money Market Account with an average daily collected balance of $25,000 during the statement cycle or a related Commercial Loan with an outstanding balance of $10,000 or greater during the statement cycle.
Credit Cards
Make the Choice that Works Best for Your Business
Get what your business needs from your business credit card-it’s never been easier! Choose from a variety of Sabal Palm Bank Business Mastercard® Credit Cards, each designed to meet your specific financial needs. Click the link below to apply online.*
Platinum
- No annual fee
- ID Theft Protection™
- Intuit Quickbooks® online discount
- Intuit TurboTax® online/download discount
- Easy Savings
- MasterRental® Insurance
Platinum Payback
- No annual fee
- Earn unlimited 1% Cash Back for every dollar spent
- ID Theft Protection™
- Intuit Quickbooks® online discount
- Intuit TurboTax® online/download discount
- Easy Savings
- MasterRental® Insurance
Platinum Preferred
- No annual fee
- Earn unlimited one point for every dollar spent
- Eligible for 25,000 bonus points
- ID Theft Protection™
- Intuit Quickbooks® online discount
- Intuit TurboTax® online/download discount
- Easy Savings
- MasterRental® Insurance
World
- Earn points or cash back
- No foreign transaction fee
- Eligible for 25,000 bonus points
- ID Theft Protection™
- Intuit Quickbooks® online discount
- Intuit TurboTax® online/download discount
- MasterRental® Insurance
- Cell Phone Protection
- Free ShopRunner membership
- Mastercard Travel & Lifestyle Services
- Premium Easy Savings®
- Mastercard Business Assistant
- $29 annual fee
World Elite
- Most valuable for points or cash back
- $200 annual airline fee credit
- Eligible for 25,000 bonus points
- No foreign transaction fee
- ID Theft Protection™
- Intuit Quickbooks® online discount
- Intuit TurboTax® online/download discount
- MasterRental® Insurance
- Cell Phone Protection
- Free ShopRunner membership
- Mastercard Travel & Lifestyle Services
- Premium Easy Savings®
- Mastercard Business Assistant
- $249 annual fee
*Certain terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions or call 1-800-MASTERCARD for assistance. Subject to enrollment and periodic promotions. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.
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Become a Customer
Thank you for your interest in opening a business account with Sabal Palm Bank. We can quickly have your account open and funds moved.
To get started, please download, complete and securely upload the New Business Relationship Form below. Once we have received the form, you will receive a call back before the end of the next business day.
IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.
EACH time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number as well as identification documents) for:
• Each individual that has beneficial ownership (25% or more); and,
• One individual that has significant managerial control, of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
We proudly support all efforts to protect and maintain the security of our customers and our country.
New Business Relationship Form (opens in new window/tab)
To fund your new account by electronic transfer, simply download, complete and securely upload the Transfer Authorization Form below.
Transfer Authorization Form (opens in new window/tab)
