Page 25 - 2020 Westchester Economic Development Guide

TOMPKINS MAHOPAC BANK:
Stepping Up to Meet the Needs of Our Healthcare Providers
There can be no doubt that one of the most dynamic and complicated industries of all is the modern healthcare industry, which barely resembles what it was just a generation ago. In order to keep pace with this rapidly evolving mega-industry, Tompkins Mahopac Bank has developed its Healthcare Services Suite, a portfolio of products designed specifically to address the financial needs of doctors, dentists, and veterinarians so that these essential providers can concentrate on the wellness of their communities instead of worrying about the well-being of their finances. Among the many services Tompkins now provides are:
BUSINESS BANKING
Tompkins Mahopac Bank offers lending solutions that help you focus is directly on your patients. One way is through our online platform, Lightning Loans, which makes it quick and easy to apply online. Whether you’re buying into a practice, getting new equipment, expanding your business, working capital, and/or purchasing real estate, we can help you navigate. If you need a loan up to $150,000, have been in practice for at least two years, and have a minimum
credit score of 700, only a completed commercial loan application is required. That’s right: no financial statements or tax returns, and most decisions happen in 72 business hours or less. To address your home-ownership dreams, Tompkins offers its Medical and Dental Professionals Mortgage Program, which accounts for your potential increasing income as you advance in your career, as well as your student-debt burden and the eligibility to defer repayment.
Loans subject to credit approval, income, and other qualifying guidelines.
BUSINESS CHECKING
Tompkins Mahopac Bank also offers the right business checking solutions for your practice, helping you save time and money while providing enhanced peace of mind. These solutions include:
• Treasury Management: A secure and convenient way to manage
your business accounts online
• Remote Deposit: Make deposits right from your computer
• Positive Pay: A check-fraud protection system
• Lockbox: Payment collection deposited into your account the
same day it’s received
• Escrow Management: Bookkeeping checking account specifically designed to act as escrow agents for third parties
• Wire Transfers: Wire-transfer funds from your bank accounts to almost any location in the world
• Credit Card Solutions: Various options with EMV smart-chip technology
TRUE ADVANTAGE PLUS
This account rewards you for your combined, linked deposit or loan accounts. This account pays added bonuses on CDs and IRAs, discounts on Home Equity Loans and Personal Loans with auto-pay from your Tompkins checking account, and savings on ATM fees.
EMPLOYEE ADVANTAGE
Want to keep those key employees happy and loyal? Offer them fully integrated banking, insurance, and wealth management solutions with:
Tompkins Employee Advantage Program. Employee Advantage includes a premium checking account for your team members, as well as additional benefits to your business, such as financial education opportunities.
Health Savings Accounts also offer many benefits for members of your team, including:
• Tax savings* – tax-deductible contributions, tax-deferred earnings,
tax-free withdrawals (if used properly)
• Funds in the HSA grow tax-free and carry over year after year • No fee for additional employee cards
• Mobile payment capability for added convenience
*Consult your tax advisor
Tompkins can also help you with expert financial planning and 401K advice for your practice. Come in and see us at any of our 6 branches in your area, or call Gary Solomon, VP, Small Business Lending, for more information.
“Tompkins makes me feel important. Whether you’re a
business doing a million dollars a year, or 20 million, they treat
you exactly the same. I couldn’t have done it without them.”
— Leonard Berk, DVM, Founder, Taconic Rt 202 24-Hour Veterinary Center
1441 Route 22, Brewster, NY 10509 | 845.278.1074 | mahopacbank.com