BB&T Small Business Banking

Introduction

BB&T small business banking service provides an array of small business banking solutions designed to meet the business needs of small businesses. BB&T small business banking service also offers some especial facilities like savings, cash flow management, insurance, online banking, etc. Some of the effective and beneficial facilities include treasury services, business credit cards, business insurance, gift cards, asset management, foreign exchange etc.

Prominent features

Some of the striking features of BB&T Small Business Banking service comprise:

Cash flow management:

Accuracy and pace are two prime factors. Customers should consider these two factors to manage company's cash flow mechanism. This is because of the fact that customers will get enough time to supervise their business accounting and administrative works, if they do not need to concentrate on cash flow mechanism. BB&T small business banking service maintains some efficient tools through which customers will be able to supervise their cash flow mechanism precisely. Some of the prominent tools include:

Online business of BB&T: This can be treated as the most efficient BB&T small business banking service through which customers will be able to securely access their business account information in their flexible time.
Credit card connection facility: This is one of the most attractive online banking facility through which customers will be able to handle their small businesses expenditure even by sitting at home. To do it precisely, they need to connect the net and eventually will be able to purchase cards while they are at home, office or anywhere else.

Treasury service: Small business owners need to opt for this treasury service option if they want to simplify the cash flow mechanism of their business. Through the treasury service, customers will be able to attain facilities like consultation with the experts who are ready to guide about their services and products. Some proficient consultants of BB&T will assist the business owners to simplify the business matters relating to cash balance and investment earnings and these will enable customers to simplify their cash-flow mechanism, minimize the administration cost and maximize the cash balances.

Institutional services: One of the great activities of BB&T is their support and view point towards the charitable organization, state and local govt. They are providing the valuable service that can firmly establish the economic and financial growth of those organization.
Foreign exchange service: BB&T small business banking also provides some foreign exchange services services. Through these services, customers will be able to access to a wide range of foreign exchange services, comprising 24-hour trading through skilled corporate foreign exchange traders. Customers will also be able to do online trading by utilizing this foreign exchange service.
Savings and checking accounts service: This unique facility is provided specifically for non-profit organization, public entities and community establishment to meet the specific needs of their small businesses.
Visa purchasing card: This is a very efficient facility through which business owners will be able to utilize their valuable time efficiently by using BB&T Visa purchasing card rather than using multiple copies of invoices and purchase orders etc. This card card also enable business owners to control the expenses over their employees.
Payroll services: BB&T payroll services provides a low cost and quality payroll processing service specifically for small business.
Business check card: Small business owners can opt for this business card to efficiently tackle the purchases and expenses of their small business.

Financing business

Sometimes business owners need to modify and expand their existing business or sometimes they require to purchase new equipments and property for their small business to grow. In both cases, business owners require money. In these circumstances, BB&T provide credit solutions for the business owners to meet their business needs. Some of the beneficial business financing facilities of BB&T are as follows:

Small business loans and lines of credit: Business owners need to take advantage of small business loans or lines of credit, if they require to expand their business or want to buy equipments and necessary items for their small business to prosper.
Commercial lending service: BB&T provides some flexible loan options and lines of credit to finance the purchase of commercial real estates or business related accessories.
Business credit card: BB&T provides a special card named Visa business credit card, which enables customers to manage their accounts in a simplified way. Not only this, through this card, customers will be able get his detail account report. Customers can use this card throughout the world.
Dealer service: This is a unique service provided to the automobile dealers. This option include retail financing, floor financing etc.

Business protection

Reliability and protection are the key factors for the stability of any business. The other crucial factors are efficiency and assistance service. BB&T small business banking provides some special services comprising all these traits into consideration. This service also enables the customers to insure their inventory, equipment and property as well. BB&T also enable customers to use cards instead of using cash transaction and they can do these operations internationally. Some of the prominent business protection features are:

Business insurance service: BB&T provides an insurance service facility which can protect the business owners by providing end-to-end coverage for their business
International service: BB&T provides an array of services regarding strategic support for the business. This service enables business owners to speed up their business transaction. Not only this, business owners will be able to minimize their business risks.
Merchant services: Merchant service facility of BB&T enables business owners to make payment procedure more handy in nature. BB&T also provides a payment processing solutions the make the business transaction process more convenient.
Investment management: Business owners will be able to think for the benefits of their employees and will be able to take precise decision regarding investment, if they like to take the advantage of investment management option facility.

Employee benefits

Business owners need to provide some attractive benefits and services to the employees of their business, if they want to sustain the position of their employees. The services include retirement benefits, insurance benefits etc. Some of the employee benefits include:

Executive compensation: One of the prime objectives of any business entity to run with stability is to attract the employees. For the stability of their business and to retain their employees, BB&T provides some compensation package for their employees.
Gift Cards: One of the most attractive service is the gift card option, through which customers will be able to acquire gifts on every purchases they make. And these gift cards are acceptable to numerous locations all over the world.

Treasury service

Treasury service is a special offer, by which customers will be able to simplify their cash flow process and will also be able to get valuable advice from the proficient business consultant. This service also enable business owners to cut down their administrative expense and maximize their investment earnings. Some of the effective treasury services include:

Collection service: BB&T provides a comprehensive package with which customers will be able to convert company's receivables into cash. The services include lock box remittance processing facility, electronic payment processing facility etc.
Disbursement services: BB&T provides a specialized package with which customers will be able to efficiently dispense their funds. The mode of disbursement include electronic disbursements, direct deposits, Tax payment service etc.
Information management service: This exceptional service provides some vital information regarding cash flow processing, through which customers will be able to rise the financial standard of their business organization. This service also enable business owners to access their online account, accounting reports. Besides all these, customers will be able to protect their accounting information from fraudulence activities.

Online business

This is the most effective small business banking facility of BB&T, as business owners will be able access their business account information by going through the Internet. One of the most beneficial facilities customer can acquire is paying their bill with ease and pace through some specialized services like QuickBooks, Microsoft Money etc. Some of the prominent features of Online business banking are:

Customers can access their account online 24 hours a day
Customers can be rest assured about getting their response in time.
Customers will also be able to send secure and secret contents in well timed manner
Customers can view their check images online. They also can pay their bills online and with free of cost.
Payment procedure are also ensured
Funds transfer can be done in a convenient way. Customers will also be able to schedule the transfer of their funds for a future date.
Encryption technique of BB&T strongly protects customers accounting information

Credit card facilities

Credit card facility of BB&T enables customers to carry off their business efficiently. This special credit card online connection facility allows users to expense for their business by sitting at their home, office or while they are on the way. Some of the unique facilities of BB&T credit cards are:

Customers will be able to look into their current transaction information
Customers can inspect and evaluate their last 12 months account statements
Customers will be able to find their account balance credit information

Those who are registered program administrators, can attain some extra facilities like:

They can analyze and review card holder's detailed transaction report
They will also be able to access statements for the last twelve months
Program administrators can place their request for a new card on their existing account
They are eligible to close account of any card holder
Program administrators are eligible to supervise and maintain the credit limits

Business financing

One of the major activities of BB&T small business banking is financing the business. Some of the striking facilities of business financing are:

Dealer service

BB&T finance service provides an array of loan options in flexible terms. Finance options include retail financing, floor plan financing etc. Although most of the time this financing options are localized in nature, i.e., these options are applicable for the customers of some specified areas.

Dealer financing: This is a competitive loan option. Local lender of BB&T assist customers to get suggestions regarding choice for the best loan options.
Floor plan financing: Normally manufacturers should opt for this finance option.

Retirement plan

One of the most vital thing, business owners should take into consideration is retaining their employees, by providing them some preferred services. One of such preferred service is the retirement plan option. Some of the prominent retirement plan options include:

Corporate retirement plan: Employees can acquire the facility to match the company optionally. Loans withdrawals are also allowed
Participant-addressed investment: In this case normally the company contributes some percentage of employee salary and are ascertained annually by that company
Trustee-managed investment: In this investment option, benefits plans are specified for aged workers of the company. Normally company totally provides the funds for those aged workers

Capital market

BB&T capital market is committed to provide some of the best investment banking,corporate banking, and capital markets solutions for their clients. Some of the prominent capital markets are:

Debt capital market: The main objective of BB&T debt capital market is to business and distribute an array of debt instruments.
Equity capital market:BB&T equity capital market is approaching towards delivering a wide range of equity finance. They are also engaged in dealing with the distribution and market support activities

Asset management

Asset management policy of BB&T provides services regarding investment management schemes, like domestic equity, international equity etc. Some proficient investment professionals of BB&T are always ready to initiate decision regarding choice of investment on assets. They are offering a wide range of investment strategies.

Gift cards

One of the most attractive offers of BB&T small business banking are Visa gift card. Through this card, customers will be able to acquire gifts on every purchase they have made. And the other most vital thing is that, this card is accepted at most of the locations all over the world. Card usage is always a safer option than carrying cash or checks, as customers do not have to bear any liability for any unauthorized use of this card.

Payroll service

BB&T small business banking provides some less expensive and customized quality payroll processing services. Some of the striking features of their payroll processing service include:

This customized payroll processing service allow users to pay according to weekly, biweekly, semi monthly or monthly payment schedules. They can chose any of the options.
Customers will get the opportunity to place their tax report on quarterly and annually.

Business loan

Business owners need to expand their business and purchase some equipments, if they want to lift the standard of their small business. In the event of business oriented expenditure, BB&T provides a beneficial business loan option, through which business owners can expand their business or purchase vehicles for their business needs.