Built for you. Built for the community.
Business banking that powers Mobile, Alabama
Your business. Your community. Your dreams. Our passion.
Empower your business.
Business banking that expands your possibilities
Mobile is built by local business owners. No matter the size of your business, you have one thing in common: big dreams.
At Commonwealth National Bank, we know every successful business begins with a dream. Our comprehensive business banking solutions help you transform your vision into reality, with products and services to strengthen and streamline your operations. With local expertise and a personalized approach, we’re here to support the goals of Mobile business owners with:
- Flexible business checking and savings, plus competitive CDs to help your money grow.
- Easy-to-use digital banking, allowing you to download business account transactions directly to QuickBooks, simplifying financial management.
- Customized commercial loan services to provide the capital you need for expansion, inventory, equipment, or other business investments.
- Personalized financial advice from local experts who understand your unique business needs.
So dream big. Our commercial banking services have your back. Contact our local team today and let’s build your company’s success together.
Business checking and savings accounts
Explore our range of business checking and business savings accounts, designed to meet the financial needs of both for-profit and non-profit organizations.
Regular Checking
Our standard business checking account is ideal for everyday business transactions and cash flow management.
- $1,500 minimum deposit
- $20 monthly fee if balance falls below $1,500
- No interest paid
Non-Profit Checking
Designed specifically for 501(c)(3) organizations, this deposit account provides lower minimums and affordable access to essential banking services.
- $100 minimum deposit
- $10 monthly fee if balance falls below $100
- No interest paid
Money Market Checking
Earn interest while maintaining access to your funds—perfect for businesses that want a balance between growth and flexibility.
- $1,500 minimum deposit
- $25 monthly fee if balance falls below $1500
- Competitive rates
Regular Savings
Set funds aside while earning interest and keeping access when you need it. Great for both short-term reserves and long-term goals.
- $100 minimum deposit
- Only 6 debit transactions per quarter; if greater, then $5 per transaction
- Competitive rates
Digital banking for businesses in Mobile, Alabama
Modern businesses need modern banking solutions. We combine a personalized approach with on-the-go digital banking tech. Our business bank accounts are designed for flexibility, and our easy-to-use mobile banking app gives you the freedom to manage finances anytime, anywhere.
From your phone or tablet, you can check balances, manage your credit card, deposit employee checks, locate nearby ATMs, and easily transfer money instantly—whether it’s between accounts, to vendors, or to family and friends by text or email.
It’s how Mobile goes mobile.
Commercial loans from a bank that backs your dreams
When you’re looking for a business loan, you don’t just need capital—you need a partner who understands your goals. At Commonwealth, we’re more than a lender. We’re your neighbor, your advocate, and your biggest supporter.
Our team helps meet the unique needs of Mobile’s small businesses, nonprofits, and entrepreneurs with flexible bank loans and specialized commercial loan solutions for larger investments like property, equipment, or expansion. Whether you’re just starting out or expanding your operation, we work with you one-on-one to determine the right loan amount for your goals and guide you through the approval process.
Start a business. Grow your business. Grow the community. That’s what we’re here for.
About Commonwealth Business Banking
Mobile’s partner in community development and financial empowerment
Community is everything. As one of only 14 Black-owned banks in the U.S., we stand apart from other financial institutions by prioritizing inclusion and long-term community growth.
We believe in closing the wealth gap by serving underserved communities, providing access to capital, and supporting job-producing businesses that create long-term economic opportunity. It’s not just about business banking—it’s about building something lasting.
We’re the only bank headquartered in Mobile. We’re your neighbor. And we believe in this community.
Serving the heart of Mobile, one business at a time
We’re proud to support the organizations that keep Mobile strong. From small businesses to mission-driven nonprofits, we provide banking solutions that help you grow and give back.
Our clients include:
- Local restaurants, salons, and retail shops
- Faith-based organizations and churches
- Minority- and women-owned businesses
- Educational and childcare nonprofits
- Independent contractors and service providers
- Community outreach and human services groups
- Startups and growing small businesses
Businesses like yours are how the community grows and realizes its potential. Supporting you is the mission of Commonwealth.
Business Banking FAQs
What types of business loans are available?
We offer term loans for big investments and a line of credit for day-to-day cash flow. Loan amounts, rates, and loan terms are customized for your needs, and our team will help you choose the best option for your business.
How does my credit score affect business financing?
A strong credit score can help you qualify for better loan rates and terms. However, we also consider your full financial picture—including business revenue and goals—when reviewing applications.
What’s the difference between a business checking and savings account?
Business checking accounts are best for daily transactions, while business savings accounts help you grow reserves and earn interest. We offer options tailored to Mobile business owners, with digital tools for easy account management.
How can I use a line of credit for my business?
A line of credit gives you flexible access to funds when needed. It’s great for short-term expenses or seasonal cash flow and often complements larger term loans. Terms may be subject to change without notice, so let’s talk through your needs.
Why choose a local bank like Commonwealth?
Unlike large financial institutions, we understand Mobile’s unique business challenges. We offer personal support, flexible bank accounts, and financing designed for local business owners. We’re here to grow with you—now and for the long term.
Banking that grows your business
The financial services offered by Commonwealth—from checking and savings to commercial lending—are built to help Mobile’s entrepreneurs grow with confidence. Take control of your business with competitive rates, personalized service, and a bank rooted in the community.
