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How to Shop for Your Business Bank
Business Banking

How to Shop for Your Business Bank

Kory ShaeKory Shae
Business Development Director
kory.shae@border.bank
701-526-1131
 


Shopping for a business bank partner can be simple yet should not be overlooked. Many successful businesses value their bank relationship, some even partially credit the relationship to their success.

When selecting a bank, here are a few topics to consider. Does your banker have local lending authority and the ability to customize solutions in your best interest? Businesses today move faster than ever before and adaptation on the fly is very valuable for businesses; waiting for the bank is unacceptable.

Does your banker have industry knowledge and connections in your community to assist you in decision making? Every day, data-based decisions will become ever more prevalent. Choose a banker with experience in business banking and one that has access to data that helps you make the best decisions for your business.

Finally, ensure your bank offers the services you need today and anything you may need going forward. Banks are all investing in other services at different levels. Choose a bank that aligns with your overall preferences and needs.

  • Find out if your bank can make prompt local decisions.
  • See if your banker is well connected, has industry and local market knowledge that will provide value to you as you make decisions concerning you and your business.
  • Find out if your bank has special services you may need access to such as lease financing, cash management and a robust digital platform.
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