Business

Business Accounts

At Broadway Federal we do banking your way. We have a business account that is designed to meet the unique needs of your business, no matter the size. Whether focused on managing cash-flow, earning interest, managing high volume transactions, or minimizing fees, Broadway Federal has an account solution that is just right for you.


Small Business Checking

We have a solution, whether you're running a small business or starting out, you don't need to spend a lot of time or money managing your finances. Our Small Business Checking account was designed with your needs in mind.

Our Small Business Checking features:

  • $100 minimum to open
  • $12 monthly service charge
    • Waived with a daily balance of $1,000
  • 24/7 access with online and mobile banking

Includes:

Our Business Checking Account comes with Online Banking

Online Banking

Our Business Checking Account comes with a Business Debit Card

Business Debit Card


Business Money Market

0.15%APY


Read Disclosure

Annual Percentage Yields (APYs) accurate as of 06/22/2016 and are variable and subject to change without notice. Applicable fees may reduce earnings. Minimum balance required to earn disclosed APY. APYs and balance tier amounts associated with the end-of-day balance for the purpose of paying interest on a Business Money Market Account are: 0.00% APY on balance below $10,000.00; 0.15% APY on balances of $10,000.00 or more. Monthly service charge of $15.00 waived if you maintain a daily balance of $5,000.00 or more.

Our Business Money Market features:

  • $5,000 Minimum to open
  • $15 Monthly Service Charge
    • Waived with a daily balance of $5,000
  • Limited Check Writing
  • 24/7 access with online and mobile banking

Includes:

Online Banking

Business Debit Card

Business Savings

0.15%APY


Read Disclosure

Annual Percentage Yields (APYs) accurate as of 06/22/2016 and are variable and subject to change without notice. Applicable fees may reduce earnings. Minimum balance required to earn disclosed APY. APYs and balance tier amounts associated with the end-of-day balance for the purpose of paying interest on a Business Savings Account are: 0.00% APY on balances below $1,000.00; 0.15% APY on balances of $1,000.00 or more. Monthly service charge of $10.00 waived if you maintain a daily balance of $5,000.00 or more.

Our Business Savings Account features:

  • $500 Minimum to Open
  • $10 Monthly Service Charge
    • Waived with a daily balance of $5,000
  • 24/7 access with online and mobile banking

Includes:

Online Banking

Other Business Products

VEDC

Broadway Federal Bank has a partnership with VEDC offering lending products that suit your needs

Broadway Federal Bank has a long term partnership with VEDC, the largest alternative small business lender in the metro Los Angeles Area.  VEDC offers a variety of lending products to meet your needs.

We Can Help With

Business Start-Ups

Working Capital

Purchase of Inventory

Purchase of Equipment

Purchase of Machinery

Business Expansion Advertising

Tenant Improvements

Business Acquisition

Loan Products and Terms

Microloan

Up to $50,000

Community Advantage Loan

Up to $250,000

Revolving Loan Fund

Up to $500,000

Small Business Loans

Up to $750,000

National Microfinance Fund

Up to $5 Million

Commercial Real Estate Financing

If you need to purchase or refinance your commercial property, we offer a number of options to fit your needs. 

  • Own the space where you do business. Ask us about financing real estate purchases.
  • Save money by refinancing your current property.
  • Outgrown your space?  Ask us about financing options to help you expand your business.

Cash Management Tools

Online Banking

Manage your accounts from nearly anywhere with Online Banking. Broadway Federal Bank offers a variety of online services and features that make your money easier to manage.

  • Check account status and review activity
  • Place stop payments
  • Transfer funds between accounts
  • Pay bills & make payments
  • View cleared check images
  • Sign up for electronic statements
  • Ask us about accessing treasury management services like eACH and Positive Pay

Merchant Deposit

Make your bank deposits without visiting the bank.

  • Deposit checks from the convenience of your office desktop
  • Use a simple scanning device to deposit checks electronically
  • Increase efficiency and security while improving your cash flow
  • Same-day availability of funds

Merchant Services & Credit Card Processing

With merchant capture through our partner UMS, we'll make sure that taking credit and debit payments won't slow down your sales potential by accepting credit and debit cards for payment via mobile devices, wireless terminals, point of sale systems and the internet.

  • We will help initiate and administer a time-saving merchant account for all your credit card processing and reporting needs.