Business Credit Services

Deerwood Bank understands the financing needs of small businesses. You can count on Deerwood Bank to provide outstanding customer service, including local decision making on business loans and lines of credit. So whether you are ready to increase inventory, purchase new equipment, or expand your business, you will find we make the process easy.

To finance seasonal or temporary needs such as inventory purchases or accounts receivable turnover, or to quickly take advantage of other business opportunities, Deerwood Bank can assist you with the funding you need to allow your business to operate and grow.

Apply for Loan Program Now.If you are looking to expand your business, purchase equipment, or finance fixed assets, Deerwood Bank provides term loans at competitive rates with flexible payment options.

Deerwood Bank offers first mortgages on owner or nonowner occupied commercial property, with the flexibility to tailor a loan package to meet your specific needs. We also provide construction financing at competitive rates and terms.

A Small Business Administration (SBA) loan may give you the opportunity to reach your goal of opening or growing your business when you otherwise may not have had the opportunity. We can work with you in deciding whether a SBA loan is best for your needs.

Business Credit Card Options

We make it easy to choose the credit card that is right for you. Our Business Visa® Card is available in two options, Standard Card with no annual fee or the Preferred Points Card.

Standard Card

Benefits & Features

• 24-hour toll-free live customer assistance available at 800-367-7576.
• Online account information available 24/7 at www.cardaccount.net.
• Rental car collision damage waiver protection.
• No annual fee.
• Competitive ongoing APR.*
• 25-day interest-free grace period on all purchases. No grace period on cash advances.
• Individual and summary billing options.
• Other fees may be charged, these fees are listed on the downloadable application.

Preferred Points Card

Benefits & Features

• Use your Preferred Points Card to earn points that you can redeem for rewards. Earn one point for each dollar spent, up to 10,000 points per month.
• Redeem your rewards points for cash-back awards, retail gift cards, travel and a wide variety of merchandise including cameras, mp3 players, home theater systems, portable DVD players, sporting equipment, jewelry, luggage, electronics, video game equipment, gift cards and more.
• 24-hour toll-free live customer assistance available at 800-367-7576.
• Online account information available 24/7 at www.cardaccount.net.
• Rental car collision damage waiver protection.
• Low annual fee of $49.00 per account.
• Competitive ongoing APR.*
• 25-day interest-free grace period on all purchases. No grace period on cash advances.
• To view or redeem rewards points, visit www.mypreferredpoints.com or call 866-678-5191.
• Individual billing option only.
• Other fees may be charged, these fees are listed on the downloadable application.

Apply Now!

Download printable Business Credit Card Application. Please review this list of supporting documents and submit along with your completed application to any of our offices.

	Sole Proprietor	Partnership	Private Corporation	Public Corporation	Non-Profit
Application
Organizational Papers
Borrowing Resolution
Financial Statements
Personal Guaranty
Personal Tax Return

Deerwood Bank utilizes an array of state and local programs to help meet your business financing needs. We can assist in deciding whether these programs are right for you.

• To provide a quick response to your loan request, we kindly ask that you provide the following information:
• A description of your business and the people in key management positions.
• Your company's year-end financial statements- three years if available.
• Your company's most current interim financial statements.
• Current personal financial statements and tax returns for each owner of company.
• Articles of Incorporation or Partnership Agreement (if applicable).
• Use of the requested loan proceeds, the repayment plan you prefer, and the collateral being offered to secure the requested loan.
• Projections including the repayment of the requested loan.