July 22, 2021


Business Banking

What Small Businesses Should Look for in a Bank

What Small Businesses Should Look for in a Bank

As a small business owner, you are faced with many challenging decisions that may impact the success of your business. One of the first major decisions you will be faced with is your business accounting and finances. As you begin navigating your financial roadmap, your first stop is deciding what bank matches your business needs. To help you prioritize the important factors when deciding what bank to choose for your business, we have put together some navigational points to consider.

Your Business Banker should care about your business 

You are likely making one of the largest investments of your lifetime, so finding a bank that is equally as invested in your business should be a top priority. At Deerwood Bank, we care about you and your commitment to building your business. We take the necessary steps to provide flexibility and creativity for all your dreams and aspirations.

Business Bankers who care about your business should value their relationships with each business. Finding a bank that views your relationship as a long-term partnership is a huge aspect to consider when choosing a bank. Not only should you (a SUCCESSFUL small business owner) consider your immediate needs, but you should also consider what will impact and benefit your business in the long run. We are dedicated to serving your needs from start to finish.

Your bank should know your story

Every successful small business begins with a big thinker and an even bigger vision. You should consider finding a bank dedicated to knowing your story, dreams, and goals. Having a bank and a business banker who cares about your business and its story will help to foster a strong relationship. Your business bankers can be an advocate, reference, and advisor when they know your story.

Deerwood Bank is committed to knowing your story. As a local bank serving the community, we want to support the big thinkers and big dreamers who will impact our community. When we know your story, we will be able to advocate for you and your business.

Your bank should provide local lending decisions

A bank that cares about your business, knows your story, and offers open communication with you is usually a local bank. Deerwood Bank is not only a local bank, but we also have a close-knit, small group making the lending decisions that are best for your business. Unlike large, national, or regional financial institutions that make decisions solely on the numbers, we take the entire business and its story into consideration. We make all our lending decisions local, where the Deerwood Bankers know your story and your vision. Sometimes big thinkers need big advocates on their side, and we take pride in doing so for our businesses.

Your small business investment requires people to be on your side, and our bankers are committed to doing so. When you are looking for a bank as you start your small business, you should prioritize finding a banker you feel comfortable picking up the phone and calling. Building a relationship while building your business can be a huge mile-marker in your roadmap to creating a successful business and we are excited to navigate this journey with you.

Joe Bauer close up

Joe Bauer

Office: 651.643.8494
Email: joe.bauer@deerwoodbank.com

Joe Bauer is the Metro Market President for Deerwood Bank. He is based in Mendota Heights and has been with Deerwood since 2007. Joe graduated from St. Cloud State University with a bachelor’s degree in Economics. He then went on to obtain his MBA in Finance and Strategic Management from the Carlson School of Management at the University of Minnesota. Joe is actively involved in the sports that his children participate in. In his spare time, Joe enjoys working out and taking walks with his wife, Jeannie, and their dog, Rex.

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