Business Accounts & Loans

Financing for courageous dreamers

Rochester entrepreneurs and employers add vibrance and opportunity to our communities. Our small business loans, accounts, and services are built to give our member business owners the tools they need to thrive.

Let’s talk about your business

Business Checking & Savings

Our checking accounts are simple and low-fee. Unlike other business accounts, there are no extra fees or complicated rules. They have no minimum balance and robust digital banking tools so you can bank when, where, and how you want.

As a member-owned financial cooperative, we require a savings account to a stablish your Genesee Co-op membership. And, you can open as many secondary savings accounts as you wish without the $5 minimum opening balance. Your business savings account can help you save for future expenses or to invest in your business.

Checking Accounts

$0 minimum to open
$0 monthly minimum balance requirement
$1 monthly fee
Debit card with surcharge-free access to over 30,000 ATMs nationwide
Unlimited check writing
Comes with our robust digital banking tools!
Must have a savings account

Savings Accounts

$5 minimum opening balance
$10 one-time membership fee
$0 monthly account fee
Dividends paid quarterly
Comes with our robust digital banking tools!

Business Line of Credit

Business lines of credit can be used to help your business avoid insufficient funds (NSF) fees. It is also a good way for your business to manage short-term cash needs for smaller businesses. A line of credit (LOC) is a revolving account, much like a credit card balance. All members pay the same fixed rate of 13% APR on Lines of Credit. A larger line-of-credit is available, based on the following credit scores, per qualified borrower.

A+ 740 and Us $10,000
A 680 - 739 $10,000
B 640 - 679 $7,500
C 600 - 639 $5,000
D 550 - 599 $2,500
E 549 and Less $2,500

‍

Business Loans

We also offer other small-business loans, including for business automobiles or other purposes. Unsecured small business loans are limited to $25,000 per qualified borrower. Contact our lending team for more information.