According to Tim Laney, senior executive vice president and head of Region’s Business Services Group, “Small businesses are the engine of our economy and Regions has a long track record of providing capital to small businesses along with solutions to help small business owners manage all of their financial needs.”
Don’t just take it from me in a yearly study measuring banks’ strength on small business lending the SBA ranks it number three among the large U.S. banks for the sixth consecutive year! It also happens to own the number one slot for small business lending in Alabama and Tennessee.
With such an impressive track record it shouldn’t surprise you that Regions Bank is also behind the new business credit cards being offered by CSI Business MasterCard.
One card that got my attention in particular is the CSI MasterCard Corporate Card. This card was responsible for one of the country’s leading candy bar manufacturers to move away from paper check reimbursement to an integrated electronic credit card program.
This not only allowed this major manufacturer to automate its merchant reimbursement program but also eliminated the use of paper which is great for our environment.
New Business Credit Cards
CSI Enterprises, Inc recently launched a new business credit card web site offering fleet credit cards, incentive cards, e-payables, and corporate purchasing cards for businesses. Here’s a brief overview:
Global Business MasterCard – a card designed for purchases made by employees on behalf of your business with control over all aspects of spending. This card is similar to a business charge card because there are no finance charges and the account must be paid in full each billing cycle.
Global Fleet Master Card – a card designed for fuel purchases and provides you fuel discounts with over 30,000 retail and truck stop merchants.
Global Secured Master Card – excellent card to get credit for a new business with prefunded or secured options. Requires a $1,000 minimum deposit to get started and reports to Experian Business.
Virtual Master Card –this is an electronic payment solution card for vendor settlements.
CSI Incentive MasterCard – these are simply prepaid reloadable cards that you can use for employees or customers.
These cards can help in establishing business credit for a new or existing business while providing you the tools you need to manage your company’s expenses. Take a close look at each of these cards and decide which one best fits the needs of your business.
When banks like Regions get it right by issuing new business credit cards and business credit loans through all economic cycles, including the recession in order to support the small business engine other business credit lenders should pay close attention.
Marco is founder of the Business Credit Insiders Circle which helps small business owners start building business credit.
You may contact Marco directly at: firstname.lastname@example.org