No matter what business you are in, Poppy Bank can tailor a package of products and services to easily meet your business needs.
We put your excess funds to work and help balances grow. We offer programs to keep larger sums on deposit while maintaining the safety of FDIC Insurance on your total balance. Our check imaging service will provide you with the ability to view scanned images of cleared checks through our online banking program.
Below is a variety of products and services you can find beneficial for your business:
Business Checking and Savings Accounts
|PoppyCares Checking||Business Checking||Business Interest Checking||Poppy Bank Merchant Checking||Business Savings||Business Super Savings||Business Money Market|
|Daily Minimum Balance Required to Waive Monthly Service Charge:||No minimum balance required||$2,500||$2,500||$15,000||$200||$10,000||$5,000|
|Daily Minimum Balance Required to Earn Interest**||Not interest bearing||Not interest bearing||$500||Not interest bearing||No minimum (Tiered rate based on balance)||No minimum (Tiered rate based on balance)||$5,000|
|Interest Frequency||N/A||N/A||Compounded Daily Paid Monthly||N/A||Compounded Daily Paid Monthly||Compounded Daily Paid Monthly||Compounded Daily Paid Monthly|
|Monthly Service Charge:||$0||$10||$12||$20**||$2||$2||$15|
|Transaction Limitations:||Deposits and checks paid exceeding 100/$0.25 per item||Deposits and checks paid exceeding 100/$0.25 per item||Deposits and checks paid exceeding 100/$0.25 per item||Deposits and checks paid exceeding 200/$0.25 per item||6 electronic withdrawals per month||6 electronic withdrawals per month||6 electronic withdrawals or checks per month|
|Online Wires Available||Yes||Yes||Yes||Yes||No||No||No|
|Online Account Access No Monthly Service Charge||Yes||Yes||Yes||Yes||Yes||Yes||Yes|
|Bill Pay No Charge||Yes||Yes||Yes||Yes||N/A||N/A||N/A|
|Cash Handling||Cash deposited/supplied exceeding $5,000 per month/$1.00 per $1,000||Cash deposited/supplied exceeding $5,000 per month/$1.00 per $1,000||Cash deposited/supplied exceeding $5,000 per month/$1.00 per $1,000||Cash deposited/supplied exceeding $15,000 per month/$1.00 per $1,000||Cash deposited/supplied exceeding $5,000 per month/$1.00 per $1,000||Cash deposited/supplied exceeding $5,000 per month/$1.00 per $1,000||Cash deposited/supplied exceeding $5,000 per month/$1.00 per $1,000|
Refer to the Business Schedule of Fee & Charges Disclosure for additional fees that may apply to your account. To obtain the annual percentage yield (APY) refer to the Deposit Account Rates sheet to determine the minimum balance you must maintain in your account for 365 days to obtain the annual percentage yield disclosed in each tier.
*Savings and Money Market Accounts are allowed up to six (6) covered transfers per calendar month (including pre-authorized debits, online banking transfers, payments to thrid parties, telephone transfers, and point of sale transactions). There is no limit to the number of withdrawals made in person, by messenger, mail or phone. In the case of phone initiated, mail, and messenger withdrawals, the requested amount must be delivered by mail in a check made payable to the account holder. Excessive Activity: More than six (6) covered transfers per calendar month will incur a $5 fee per transaction. For checks written to third parties, the date of posting is used to determine excessive activity.
**Poppy Bank Merchant Checking monthly service charge will be waived with an active enrollment in Merchant Card Services with Poppy Bank's preferred vendor, UMS.
|Effective Date November 20, 2020||www.poppy.bank | (888) 636-9994|
For the busy business owner, convenient, expedited methods of banking are a must. With Poppy Bank’s online banking, your bank is always at your fingertips, just a click away. Our online cash management solutions will allow you to quickly assess, monitor and resolve your cash flow needs twenty-four hours a day, seven days a week.
- Accurate, Up-To-Date Account Information
- Export Data To Spreadsheets And Money-Management Programs
- Bill Payment Feature
- Account Reconciliation Downloaded To Your Accounting System
- Automatic And On-Line Loan Payments
- Check Orders
- Funds Transfers
- Wire Transfers
- Remote Deposit Capture
- Stop Payments
- ACH Origination
- Positive Pay
Security and Browser Requirements
To help maintain security, you should close your browser when you have completed your Internet banking session. This will help prevent unauthorized persons from viewing your private account information.
Never share your password.
To help ensure security and proper functionality, you must use a browser that meets or exceeds the following requirements:
- 128 bit encryption
- We support the latest browser versions of Internet Explorer, Google Chrome, Firefox, Safari, and Opera.
We recommend you update your browser to the latest version. With our new website update, we’d like to remind you to update your browser. Updating your browser ensures you have the most up-to-date security and performance. New browsers have many advantages:
- Newer browsers have updated security against the most recent security risks. With an up-to-date browser, malicious websites have a tougher time accessing and damaging your computer through your browser
- Bugs are constantly being fixed and updated to provide a cleaner, sleeker, faster user experience
- Newer technologies allow you to use more features easier
- Older browsers may not be supported by some websites
As you probably know, your most frequently accessed business tools are your checking and savings accounts. No matter what business you are in, Poppy Bank can tailor a package of products and services to easily maintain your cash management needs.
We have processes to put your excess funds to work and help your balances grow. In addition, we offer programs to give you the ability to keep larger sums on deposit while still maintaining the safety of FDIC Insurance on your total balance. Our check imaging service will provide you with the ability to view images of your cleared checks through our online banking. For a minimal fee, we can produce a CD monthly with this information.
Poppy Bank offers the following Merchant Services through a trusted partner:
- Processing Of Visa, AMEX, MasterCard, And Discover
- Clover Suite Of Point-Of-Sale Products
- Traditional And Mobile Terminal Solutions
- Virtual Terminals
- E-Commerce Tools For Online Shopping Carts
- Detailed Merchant Statement
- Product Specific Reporting
- Annual 1099 Reporting
- ACH/Check Imaging
- Payroll And Gift Card Services
- 24 Hour Technical Help Desk
- QuickBooks Integration Through Online Statements
Poppy Bank’s Automated Clearing House (ACH) Network* is a highly reliable and efficient electronic funds transfer system that will significantly enhance the ease of doing business for your company.
ACH Network features include:
- Direct Deposit of payroll for your employees
- Direct payment of bills such as mortgages, loans, utility bills and insurance premiums
- Business-to-business payments
- Automated collection of regularly scheduled payments to your business, such as homeowners fees or health club dues
*Automated Clearing House (ACH) — The ACH is a network of regional associations, inter–bank associations, and private–sector processors. ACH payments are processed and settled electronically, thereby increasing reliability, efficiency and cost effectiveness. ACH payments are generally settled in one day or greater.
Business Credit Cards
Choose from our popular business credit card options such as low rate, cash back or flexible rewards to find the one that works best for your business. No matter which card you choose, your business will benefit from important features like:
- Free online expense reporting tools
- No fee for additional employee cards
- Mobile payment capability for added convenience
- Cardmember Service available 24 hours a day/365 days per year
|LEARN MORE||APPLY FOR A BUSINESS CREDIT CARD||MANAGE YOUR CREDIT CARD|
The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc., and Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Business and Commercial Lending
At Poppy Bank, we understand that every business is unique. Cash flow demands, capital requirements and business plans are exclusive to each business. Poppy Bank offers a full line of commercial lending products designed to meet your specific business needs. From the small manufacturer to the commercial real estate developer, we have the expertise to customize a solution to help your business prosper.
We also offer SBA real estate loans, under both their 7(a) and 504 loan programs. As an SBA Preferred lender our real estate lending team is experienced, and will work with you to customize our programs to fit your individual wants and needs. Tired of having your real estate loan request put “into a box”? Give Poppy Bank’s flexible approach to lending a try!
Small Business Lending
Poppy Bank offers business owners our lending and financing expertise. Whether you’re expanding, refinancing debt or starting a new venture—we’re interested, experienced and focused on your success. If you have new opportunities and can benefit from improved cash flow, please contact us.
Small Business Lending Programs:
- SBA 7(a) loans for the purchase or refinance of owner occupied commercial real estate, start-up business and expansion of existing business operations. These may include specialty property and other loans that may not qualify for conventional financing.
- SBA 504 loans primarily used to finance owner occupied commercial real estate.
- USDA loan programs are similar to the SBA programs however they are used to finance projects in rural communities where the population is 50,000 or less.
- SBA Express loans are lines of credit, equipment and/or inventory expansion up to $250,000.
Paycheck Protection Program
Poppy Bank is here as a resource for our community and is proudly accepting Second Draw PPP loan applications to help local businesses keep their doors open. Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19 and certain supplier costs and expenses for operations. For more information or to request an application please contact us today at PoppyCARES@poppy.bank
Commercial Lending Programs:
- Commercial Real Estate for the purchase or refinance of commercial property, including industrial, retail and office.
- Multi-family financing.
- Lines of Credit – Typically revolving lines of credit for inventory purchases, supplemental cash flow or receivable financing.
- Equipment loans for the purchase of new or used equipment for your business.
- Construction loans for commercial buildings including office, retail, multi-family and industrial.
Commercial Property Assessed Clean Energy
A New Solution to Bring You More Liquidity
Poppy Bank is pleased to offer Commercial Property Assessed Clean Energy financing for energy-efficient and renewable energy projects. C-PACE financing may cover up to 100% of project expenses with up to 30 year terms and interest-only options.
We work with building owners, developers, and investors to provide the best solutions for energy-efficient and environmentally sustainable building enhancements that can bring more liquidity, improve cash flow, reduce energy consumption, and promote job generation.
Commercial Property Assessed Clean Energy
(C-PACE) Financing Team
SVP, National PACE Financing
Mr. Cary oversees Poppy Bank's Commercial Property Assessed Clean Energy Financing Division. He brings more than 30 years of combined sales and lending expertise to the position, with a special focus on clean energy financing. Prior to joining Poppy Bank, Mr. Cary spent more than 10 years as Senior Vice President, Regional Sales Manager at Citibank and more than 10 years with The CIT Group as President and Chief Sales Officer. He then joined YGrene Energy Fund as Chief Operating Officer and Chief Revenue Officer. Mr. Cary graduated from James Madison University with a B.A. in Administration Management and Marketing.
Office: (707) 636-9097
Business Development & Lead Coordinator
Ms. Loomis brings more than 10 years of experience in national lending, business development, and channel management to her role at Poppy Bank. Prior to joining the Bank, she worked at Towne Mortgage Company, Pacific Union Financial, Stonegate, and Envoy where she was instrumental in spearheading their lending divisions.
Cell: (925) 457-3535
VP, National PACE Financing
Mr. Loomis joins Poppy Bank with a wealth of knowledge in solar, commercial real estate, and C-PACE financing. He was among the first Commercial Area Managers at Ygrene Energy Fund before becoming their Regional Sales Director. Mr. Loomis has more than 20 years of experience in leadership and business development within the solar industry and national banking, including Citibank, SunPower, and CIT Group.
Office: (415) 272-5426
PACE Program Manager
Mr. Deering brings more than 30 years of experience in financial services, credit loan processing, loan underwriting, and sales and risk mitigation to his role. Prior to joining Poppy Bank, Mr. Deering worked at Ygrene Energy Fund holding a number of positions including Regional Sales Director, Director of Underwriting for Commercial and Residential Financing, and Director of Operations. Mr. Deering holds a B.S. in Business Administration/Finance from Chico State.
Cell: (925) 584-5790
Small Business Lenders
SVP, Small Business Lending
Mr. Wirth oversees Poppy Bank's Small Business Lending Division and has 33 years of lending experience. He specializes in assisting clients in all industries to secure Small Business Loans to meet their business and personal goals. Mr. Wirth’s focus is on facilitating the acquisition, development and refinancing of commercial real estate, equipment financing, business acquisition loans, along with financing other business needs.
Office: (916) 945-2157
Cell: (818) 426-3565
SVP, Small Business Lending Operations/Credit
With more than 20 years of SBA lending experience, Ms. Hifner previously spent the past 18 years at Bank of the West specializing in loan documentation, closing, construction management and risk mitigation. She has developed a keen sense of SBA financing and has worked diligently with complicated loan closings while maneuvering through the complexities of construction finance. Ms. Hifner is very familiar with how to manage distressed assets, risks, and complete the long-term goal for successful management of completion, timeline, and cost. Ms. Hifner guides borrowers, underwriters, processors and business development officers through the many essential steps when considering the fastidious nature of SBA 504 and 7A lending.
Office: (916) 740-1556
SVP, SBL Regional Manager
Ms. Earhart has over 30 years of experience lending to businesses of all sizes and types. SBA 7a and 504 real estate lending is her specialty, from professional practices to manufacturers, special purposes properties to office and industrial properties. She has worked closely with the SBA to improve their loan programs and prides herself on making the process as quick and easy as possible.
Cell: (714) 813-0142
VP, SBL Loan Officer
Mr. Pihl has over five years of lending experience and specializes in the SBA 7a and 504 programs. He has a strong credit background holding various positions in underwriting prior to joining Poppy Bank. Chris received his Bachelor’s Degree in Business Administration with an emphasis in Financial Management from Sonoma State University.
Office: (714) 551-5479
Cell: (714) 403-6008
VP, SBL Loan Officer
Mr. Thongsarn has 10 years of SBA, USDA and CRE lending experience. He provides excellent customer service and specializes in assisting clients with securing small business loans in the areas of industrial, office, hospitality, gas stations, and auto-use.
Cell: (562) 882-4949
Business and Commercial Lenders
VP, Commercial Loan Officer
Mr. Graves has 11 years of lending experience. He focuses on commercial real estate lending. Graves works with businesses looking to purchase real estate as well as real estate investors looking to start or add to their portfolio.
Office: (707) 636-9057
Cell: (707) 953-1380
VP, Commercial Loan Officer
Mr. Shapiro has a 15-year career in commercial finance. He specializes in all forms of commercial lending (including SBA) for real estate, equipment, tenant improvement, and working capital needs. His typical clients are small- and medium-size businesses with a particular focus in the food, wine, healthcare, franchise, and craft beer industries as well as commercial property investors.
Office: (707) 636-9745
Cell: (707) 721-2052
VP, Commerical Loan Officer
Ms. Larson has 20 years of banking and 13 years of lending experience. Her specialty includes assisting clients in obtaining commercial business lines of credit and term loans. She also works with clients to assist them in obtaining SBA 7A loans in most industries.
Office: (707) 636-9711
Cell: (707) 291-1344
VP, Commercial Loan Officer
NMLS ID# 798471
Ms. Porter has more than 20 years of banking experience with 16 years as a loan officer. She specializes in small-to-medium sized businesses that are growing or stabilizing. Clients she manages range from steel fabrictors to wineries and real estate investors.
Office: (707) 636-9748
Cell: (707) 337-6434
VP, Commerical Loan Officer
Ms. King has more than 20 years of banking experience including nearly 10 years in commercial lending. Her specialty includes business development, relationship management, tax & financial accounting, financial analysis, underwriting, CRE and C&I lending. Ms. King holds a B.A. in Business Administration/Accounting from Dominican University and serves as treasurer for Analy High School Education Foundation where she is also a member of the Athletic Boosters.
Office: (707) 636-9119
Cell: (707) 695-3278