MidSouth Bank | Business Services

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Checking/Savings Accounts

Advantage Business Checking is for small businesses with high volume of transactions, looking to economical checking and maintaining a balance of over $5,000.
Analysis Checking is for businesses that require more complex deposit service, or whose transaction volume is usually over 23 night drops/month; 12 in-branch deposits/month; 100 checks written; high coin and currency exchanges.
Bounce Protection is an overdraft privilege requiring no action on your part. You do not have to sign anything. Your overdraft privilege (Bounce Proctection® Limit) amount will be automatically assigned.
Business NOW Checking is for businesses that want a checking account that pays interest.
Commercial Money Market is for businesses with surplus funds who want high yields and easy access.
Free Business Checking is for small businesses with limited transactions looking for economical checking whose total transaction volume is less than 100 per month, includes deposits, deposit items, checks, etc.
IOLTA Checking is for small businesses with limited transactions looking for economical checking whose total transaction volume is less than 100 per month, includes deposits, deposit items, checks, etc.

Business Loans

Accounts Receivable Financing (A/R Access) is a system for better management of your accounts receivable and cash flow. MidSouth purchases your existing receivables on a discounted basis and takes over your responsibility for accepting customer payments.
Attorney/Client Loans are a Line of Credit designed for attorneys and law firms that engage in personal injury litigation. Using this Master Line of Credit, individual attorney/client loans can be established for the law firm's plaintiff clients. Uses: Medical expenses; deposition costs; personal expenses etc.
Business Installment Loan is generally used for larger one-time expenses. It's fully amortized and your monthly payments can be fixed to help you manage your cash flow. Uses: Fixed-asset financing; commercial vehicles; permanent working capital; expansion; debt restructure.
Business Leasing lets you acquire needed equipment while conserving operating capital and minimizing taxes. You have the freedom to select the equipment, supplier, options and purchase price and MidSouth handles the financial details. Uses: Commercial or Industrial equipment.
Commercial Term Loan provides your business with access to long-term financing, and offers flexible terms to match your current and future cash flows. Uses: Commercial real estate acquisition, construction or refinancing; capital equipment and fixed-asset expansion; or new business acquisition.
Insurance Premium Financing is a loan program that enables business owners and/or insurance agents the ability to finance annual insurance premiums and spread payments over a 10 month period. This allows you to better manage your cash flow by retaining your cash in your business. Uses: Liability; umbrella; workers' compensation; commercial property; commercial auto, etc.
Line of Credit is a convenient check accessible revolving line of credit that can provide overdraft protection on business transaction accounts. Ideal for clients who have short term borrowing requirements or who need funds for traditional working capital. Uses: meeting short-term cash needs; seasonal inventory; the purchase of small equipment.
Small Business Administration Loan offers you flexible loan terms such as longer repayment terms or higher loan-to-value ratios. Uses: Working capital; accounts receivable; inventory or fixed-asset purchases, including owner occupied commercial real estate.
Visa Business Credit Card lets you separate your everyday business expenses from your personal purchases. Plus, you can set up separate cards for multiple people in your company and track each one individually. Uses: Travel expenses; office supplies; small equipment.

Cash Management Services

Netbanking - allows you to transfer funds from one MidSouth account to another; view statement history; get real-time balance information; view check images; can enroll online.
Billpay (Advantage Business Only) - Pay practically any bill; view payment history; pay 20 bills each month for $9.95; Set up recurring payments; download history.
Cash Management - Multiple user & access levels; direct deposit payroll; wire transfers; EFTPS tax payments; download account history; direct debit (A/R).

Business CHECKcard

Upgrade your business tools with the card that works like a check - only better! The CHECKcard is accepted wherever the VISA sign is displayed, and at designated ATM locations.

Funds are deducted from your checking account
All business types are eligible
Public Funds, Financial Institutions, or Accounts requiring multiple signers are NOT eligible

Get you application here!

Miscellaneous Services

Merchant Card Processing Services - Improve availability, increase security and broaden your delivery opportunities with our merchant card processing service.
Touch Tone Banking - Telephone service that gives you 24-hour a day direct access to all of your MidSouth account information. (No monthly fee with unlimited access.)
Lockbox - Streamline your collection procedures by using MidSouth Bank's secure lockbox service. Your receivable payments are collected at a secure Post Office Box daily. Funds are deposited into your checking account immediately upon collection.