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Financial Tips

Be suspicious of unsolicited e-mails asking you to click on a link, download an attachment, or provide account information.

If the web address starts with "https://" this means your information is encrypted on the site.

Use the strongest method available to log into financial accounts, especially for high-risk transactions.

Install software that protects against malware, or malicious software, which can access a computer system without your consent to steal passwords or account numbers.

Financial aid can be a key component in paying for college. Learn more about how to compare financing options

Should you use your extra money to pay down debt or put into an investment? Explore how your rate of return could compare to your cost of debt, taking taxes into account.

It’s never too early to think about your retirement. Develop a strategy to meet your retirement savings goals.

Financial Tips in the Aftermath of the Federal Government Shutdown

Industrial Bank is a lender in the Small Business Administration’s Preferred Lending Program (PLP). As a Preferred lender, Industrial can expedite SBA loans, reducing the time between the approval and funding of your small business loan. Call one of our SBA loan experts at (202) 722-2000 to determine your eligibility for an SBA-guaranteed loan.

Short and Long Term Financing

Industrial Bank offers traditional loans and lines of credit to meet your seasonal cash needs, receivables and inventory financing, as well as long-term loans for equipment or facilities purchases, business acquisitions, and debt refinancing.

  • SBA 7(a) Loans. These loans are guaranteed by the U.S. Small Business Administration (“SBA”), usually up to 75%. For borrowers who do not have a strong secondary source of repayment usually required to obtain loan approval, such a guaranty can help them obtain approval from the Bank. Our SBA loan officers, have years of experience making SBA loans to all sorts of businesses.
  • SBA Express Loans. This product is a version of the SBA 7(a) loan, with a lesser guaranty percentage (usually 50%), but a quicker turnaround time due to the fact that the Bank is able to use its normal loan documents and procedures.
  • U.S. Department of Transportation Short Term Lending Program (“STLP”). This is another Federal government program, patterned after SBA 7(a). Through the STLP, the Dept. of Transportation guarantees loans made by Industrial Bank to contractors and subcontractors on transportation-related projects, which could include a variety of contract types: highway or bridge construction, work for WMATA or at one of the airports in the Metropolitan Washington Airports Authority, etc. The types of contract which are supported by the program are not solely limited to construction---the contract could be for financial/accounting services related to a transportation project, for instance. Carolyn Eubanks would be happy to help you with this type of loan.
  • District of Columbia Collateral Support Program. Industrial Bank was the first bank to extend loans under this program, in which the District government provides cash collateral to banks to guarantee a portion of loans made to qualifying businesses in DC. Applicants who are likely to qualify will be physically located in the District, with a majority of their work performed in Washington, DC, and which have District residents as the majority of their employees. Contact Carolyn Eubanks for more information.
  • Industrial Bank also offers a wide array of conventional lending products, that do not include the types of credit enhancement shown above, but only direct Bank financing. These include:
    • Business acquisition loans
    • Equipment loans
    • Commercial real estate loans (for offices, multifamily apartment buildings, 1-4 family investment properties)
    • Working capital lines of credit
    • Secured letters of credit
    • Accounts Receivable Lines of Credit
    • Expansion Loans
    • Government Contract Financing
    • Letters of Credit
    • Revolving Lines of Credit
    • Commercial Term Loans Contact Carolyn Eubanks for more information.

CONTACT US

If you need additional assistance, our Customer Service Department is available Monday through Friday from 8:30 am to 6:00 pm Eastern Standard Time at  202-722-2000; or info@industrial-bank.com. Any inquiries received after hours will be addressed the following business day.

Industrial-2743

Kasasa Protect

Kasasa Protect is Industrial's newest way to keep our customers safe from data breaches, credit card fraud and Identity theft.

Mel

Get social with Industrial Bank

Industrial Bank wants to "get social" with you! Follow us on Facebook, Twitter, LinkedIn or our YouTube channel to interact with us.

JB

Rate your Visit

Customer Service is key here at industrial Bank. Tell us how we can make your next visit in our banking centers better.

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Just a note, the customer services I received today was outstanding, knowledgeable, patient, professional and simply helpful. Mrs. Tekel is an asset.

Norman R. Hodges
Owner of 4c Mobile Services

From out first interaction 9 years ago until today, everyone and I do mean everyone, has always gone above and beyond to make our customer experience the best it could be.

Salvatore Speziale
Ciao Osteria Italian Restaurant

Thank you to Industrial Bank for helping the black church throughout your entire 80 years. Thank you for how you empower the community.

Rev. Dr. G. Browning
Pastor of Ebenezer AME Church

Industrial has made a big difference in the African American community. So many people depend on it. I’m so proud of them and all they do.

V. Ali
Co-owner of the popular DC eatery Ben’s Chili Bowl

They are very straightforward without the gimmicks and hidden fees. The Business/Non-profit account fees they do have are the lowest, especially in the DC Metro area. I love this bank and can't believe I had not tried them sooner.

Tariq

So neat to just learn that this bank still exists and to know that it has existed for 80 years. I know that it was right down the street from me when I was a child now I am 61! :-)

Gaye Bri Moore

With my new job, I will be depositing my coins into a Black Owned bank (@BankIndustrial). Goodbye, Bank of America.

D. Gambrell @DcsMediaDiva

As a millennial I'm proud to be a part of @BankIndustrial. -@savantmusa


Another awesome experience at @BankIndustrial. I discussed the need for an internship for students with them. Gotta look out for the youth.

M. Hughes

We are moving our resources to a Black bank @BankIndustrial in DC that is investing & helping our community. @revtonylee #ReachWithUs - ABFE @ABFE


The DC Chamber is proud to support and to provide value funding to DC area companies fueled by great ideas and sound business leadership. The winners of this grant program represent some of the best and brightest of the region’s leading small businesses.

H. Wingo

Our commitment has only grown stronger though the years, and we stand poised to bring our unwavering commitment of delivering convenient, personalized, high-quality products to the communities we serve.

B. Doyle Mitchell, Jr.
President/CEO of Industrial Bank

Banking with Industrial has been easy. My banker at the Oxon Hill banking center helped me establish a Student Checking account, so now I can bank on the go.

C. Johnson
College Student

Industrial helped me make my small business more successful. I received an SBA-expedited loan and merchant services, and I get fantastic service.

M. Luiz
Small Business Owner

I never knew helping my customers could be so easy! Industrial offers mortgage products and friendly service to help first-time home buyers, with no down payment!

J. Smith
Realtor

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Financial Education

Financial Education

Do you know the basics of Money Management? Learn more

Mar 28, 2019, 18:03 PM

Services

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Frequently Called Numbers

Essential information for Industrial Bank account holders.

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Mortgage

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