Celebrating Small Businesses

Small businesses are the backbone of our economy.

There are 33.2 million small businesses in the United States, and while we may call them “small”, statistics show that their impact is big.¹

• 99% of all U.S. companies are small businesses.¹
• Over 61 million Americans work for small businesses — nearly half of private sector employees.¹
• 1.9 million new jobs are created by small businesses each year.¹

How Apple Bank supports small businesses:

With our commitment to serving our community and local small businesses, we know your unique challenges and the marketplace. Apple Bank provides affordable solutions designed to simplify your business banking, save you money and free up your time to manage and build your business. Explore these business banking essentials:

​SimpleValue Business Checking^® – Only $100.00 to open, no monthly maintenance fees when you meet the balance requirement² and up to 200 free transactions each month.³  Plus, our convenient digital tools make it easy to monitor your cash flow, quickly pay bills, transfer funds, accept payments and more. We also offer checking account options for nonprofits and businesses with higher transaction volumes. Visit a branch to learn more!

​Business Savings – Maximize your excess cash to work with our competitive interest rates and a variety of flexible options. Choose from a Business Savings Account, CDs and Business Money Market Accounts designed to help your business achieve it's financial goals.

Apple Edge Employee Banking – Enhance your employee benefits at no extra cost with our Apple Edge Program. Provide your employees with additional checking and savings benefits. We can even open accounts on the spot - no effort required on your part. It is a seamless way to add value and support to your employees.

Small Business Month is the perfect time to recognize businesses in your neighborhood.

Spending money with local businesses makes more of a difference than you may realize. In fact, nearly $68.00 of every $100.00 spent at a small business remains in the community!⁴ Here are some tips to support them:

Shop local.
Consider skipping the online order from a global company and check out a local store or make a stop at your local coffee shop instead of visiting a chain.
 
Leave a review.
Post positive reviews online and on social platforms to influence others in supporting your favorite business.
 
Join loyalty programs.
Get the benefit of supporting your local economy and receive incentives, like discounts and freebies.
 
Provide honest feedback.
Share constructive feedback with the business owner privately and give them the chance to make it right.
 
Attend local events.
When you enjoy and shop at farmers markets, festivals, and grand openings, you make a tangible impact on the local businesses.
 
Spread the word.
Businesses often get new customers from word-of-mouth recommendations. Don’t hesitate to tell your friends and families to check out your favorite business.

Helpful sites for entrepreneurs:

• U.S. Small Business Administration: The SBA provides low-interest loans, business counseling, and government contracting opportunities for small businesses.
• U.S. Chamber of Commerce: Find helpful resources to start and run a company, plus get advice on taking your business to the next level.

¹Forbes

 ²Simple Value Business Checking requires a $100.00 minimum deposit to open an account. There is a $15.00 monthly maintenance fee if the monthly average account balance is below $5,000.00.

³Up to 200 combined transactions are free each month. There is a $0.15 per transaction charge applied only to the combined monthly transaction volume greater than 200. Combined transaction volume includes a combination of each check paid, each deposit processed, ACH credit or debit transaction, ATM transfer, in branch transfer, Online Banking transfer, telephone transfer, automatic transfer, SureLine of credit transfer, automatic loan payment, and POS purchase. 

⁴U.S. Small Business Association via Nerdwallet