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Best Banks For Small Businesses In New Hampshire

Running a small business is a difficult task. A good bank can help a lot in streamlining finances and helping the business owner focus on other tasks that need to be undertaken as a business owner. A small business needs a variety of financial services such as loans, investments, deposit accounts, and merchant services, and a good bank can provide all these services given that you invest some time in research.

The following is a list of banks in New Hampshire that are good for small business owners.

Wells Fargo
Wells Fargo is the largest business lender in the US. This bank is also the most active SBA lender in the country and has close to $459 million in outstanding loans at the moment. This bank has a massive number of branches and ATMs across the country, and it has a very strong presence in New Hampshire. Along with government SBA loans, Wells Fargo has a number of its own business financing products for small business owners. Wells Fargo has more business loan options compared to its close competitors Chase and Bank of America, and the bank displays its APR range on its website, making the process transparent. The most popular Wells Fargo products are FastFlex Small Business Loan, Wells Fargo Business Term Loan, and Equipment Express Loan.

PNC Bank
This financial institution is a great option for opening a business checking account in New Hampshire. This bank provides a high limit on free transactions and cash deposits, which are crucial for small businesses. In addition, PNC offers many easy ways to help businesses avoid monthly maintenance fees on checking accounts. Furthermore, PNC offers business checking at three different levels. The most popular checking option is the PNC Business Checking Preferred, which attracts a monthly fee of around $50 and provides a large number of useful features. You can avoid this fee by applying for a combination of other PNC products or by maintaining a balance of around $25,000 in the account.

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Chase Bank
This bank offers some of the best credit card rewards programs in the country and extends the same type of benefits to its business customers as well. Chase is well known in New Hampshire for business credit cards that cover a broad category for business-related expenses. The products have been designed so that most small businesses find it easy to fulfill the minimum requirements set by the bank for different products.

US Bank
This bank has a wide selection of loans for small businesses. The number of services offered by US Bank is more than top banks like Wells Fargo. The bank’s Silver Business Checking Package is the most preferred checking account of small business owners. This account has no monthly fee, and there are no hidden rules. US Bank is an SBA-approved lender and has its own products for small businesses. This bank is also good in terms of covering the areas neglected by other banks, making it accessible to one and all.

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