Business Banking solutions

Strategies and tools to help you manage through change

 

 

Ensure you have the liquidity and flexibility you need to operate in today’s economy and stay focused on your objectives. Our personalized advice and easy-to-use tools empower companies to succeed.

 

These solutions evolve with your business and personal needs; allow you to conduct business anytime, anywhere; and help protect and organize your information.

 

 

Cash management

 

In today’s fast-paced world, you need the power to conduct business whether you’re working from home, the office or the road. Our digital and mobile tools help simplify and integrate your treasury activities. Make payments, receive funds, invest excess liquidity and view account balances in real time with CashPro®, our comprehensive digital platform for managing working capital. For commercial card holders, our Mobile Wallet lets you pay quickly and securely at thousands of places worldwide.

 

A hand holding a smartphone with the CashPro® App on screen

The CashPro® App lets you manage your working capital anytime, anywhere.

 

Working capital

 

Businesses are seeking solutions to improve their working capital cycle. BofA Working Capital Manager™ delivers integrated cash management, credit, commercial card, FX and reporting capabilities specifically designed to meet the working capital needs of growing companies. Our team can help you with lines of credit and equipment and real estate loans to finance working capital and a variety of capital expenditures. Small Business Administration financing provides more flexible structures and access to capital. And our letters of credit enable you to conduct business across borders with greater ease and security.

 

 

Merchant services

 

Make sure your customers have a seamless payment experience. Our payment solutions allow them to make purchases with credit, debit and mobile devices. They can do business in person or through your website. Advanced security systems protect against card data theft.

 

 

Global expansion

 

As your business moves beyond domestic borders, we can connect you to more than 140 currencies and 200 countries and territories —informed by on-the-ground expertise. We’ll help you reduce risk, streamline your processes and increase control by consolidating worldwide operations into a single relationship. We provide specialized cross-border expertise in mergers and acquisitions. And our secure digital and mobile tools allow you to easily manage cash flow and liquidity, including comprehensive foreign-currency payment and hedging with enhanced straight-through processing.

 

Business transitions

 

Strategic planning for the future can help strengthen the value of your business and create a smooth transition to the next phase. Whether you’re considering a merger or acquisition, setting up an employee stock ownership plan, transferring it to a family member or selling, we can provide fully integrated financial solutions and expertise.

 

Learn more about business transitions

 

A man looks at his smartphone as he sits at a table with a laptop and papers in front of him

Strategic planning can create a smooth transition to the next phase of your business. (source: Getty Images)

 

Employee benefits

 

Our programs are designed to make financial wellness a way of life for your employees. To help you attract and retain top talent, we provide integrated services that include 401(k) and traditional pension plans, health savings accounts, and banking and investing services. We help you educate, guide and support your employees to develop plans tailored to their individual goals.

 

Learn more about Financial Life Benefits™

 

Wealth management

 

What happens with your business affects your personal life and finances — and vice versa. We understand how business and personal are intertwined and offer strategies to help you preserve wealth, provide for children and parents, and manage daily finances. Our services include trusts and estates, executive equity solutions, investment management and credit.

 

Learn more about wealth management

 

Risk management

 

Successful businesses need to be prepared to weather natural disasters, economic turmoil, fraud, cyber attacks and other challenges. Short- and long-term business continuity plans can safeguard a company against unexpected disruptions. We can help you create a comprehensive and disciplined approach to managing financial, market and operational risk. Additionally, as fraud and cyber crime grow, we’ll keep you up to date on the latest threats and provide strategies and solutions to help protect your business.

 

Learn more about fraud and cyber security