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What are considered the top banks in California for business services?

A:

Quick Answer

JPMorgan Chase, The Huntington National Bank and Wells Fargo Bank are some top banks in California for business services, states CNBC. Other top business banks include Live Oak Banking Company and Celtic Bank Corporation.

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Full Answer

JPMorgan Chase handles basic cash processing and international banking services for small to medium-sized businesses. It offers credit and helps to raise capital through asset-based lending. The bank also provides financing for the purchase of equipment, employee health care services and residential and commercial real estate financing, according to JPMorgan Chase.

As part of commercial banking, The Huntington National Bank offers products such as Business Lines of Credit, term loans, equipment leasing and finance options and overdraft protection, notes The Huntington National Bank. A business customer can opt for the Business Security Suite and Cyber Liability Insurance for protection against fraud or any financial damage.

Wells Fargo Bank offers credit and financial support for businesses with payroll administration, identity theft protection and insurance cover, according to Wells Fargo. The Live Oak Banking Company provides similar business banking facilities through its Business Advisory Group, as stated by Live Oak Bank. As of 2015, Celtic Bank Corporation has increased its lending capabilities toward small businesses and loans under $150,000, according to CNBC.

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