645 Griswold, Suite 70
Detroit, MI 48226
Phone: 313.967.9700
Fax: 313.967.9088
Hours:
Mon-Fri: 8:30AM to 4:30PM
Saturday-Sunday: Closed
Business Solutions
Deposit Accounts
Small Business Checking Account
- $1000 to open account
- Minimum balance requirement: $3000
- Below $3000 daily balance, $10.00 per month maintenance fee and $0.35 per debit transaction fee after first 100 transactions.
IOLTA Accounts
- Interest-bearing account; call us for current rates3
- No minimum balance requirement
- No service fees
Business NOW Account
- Interest-bearing account; call us for current rates3
- $500 to open account
- Minimum balance requirement: $5002
- Below $500, $6 per month maintenance fee, $0.40 per debit item fee
Insured Money Market
- Interest-bearing account; call us for current rates 1,3
- $1,000 to open account
- Minimum balance requirement: $1,000
- Below $1,000, $5.50 per month maintenance fee
Business Loan Products
Business Term Loans to purchase or refinance real estate or equipment, or to provide long-term working capital or simply consolidate loans.
Business Lines of Credit to leverage accounts receivables and provide short-term working capital, and take advantage of trade discounts.
Real Estate Loans to purchase or refinance owner occupied property and buildings.
Government Loan Programs, such as SBA loans and other state and local Government loan programs.
1 Bonus rates apply only to new deposits using funds not previously on deposit at Detroit Commerce Bank. The bonus rate does not apply to variable rate or promotional certificates of deposit and applies only to deposit for personal, family or household purposes. The bonus rate applies only to a maximum of $100,000 in deposits.
2 If you have a Detroit Commerce Bank Certificate of Deposit worth at least $10,000, we will waive the minimum balance and per check/debit fees.
3 Interest begins to accrue on the business day we receive credit for your non-cash deposit (for example, checks).
* All loan products subject to credit approval
