Business Loans

We offer the following types of business loans:

  • Short term, single payment operating loans.
  • Equipment, vehicle, and fixed asset loans
  • Secured and Unsecured Lines of Credit
  • Commercial Real Estate Loans
  • Letters of Credit
  • Small Business Administration loans

Small Business Administration (SBA) loans can allow you to start your own or expand your current business. It is a short or long term business loan that can also be used for business operation costs.

You will need the following information to apply for a business loan:

  • Signed business loan application
  • Personal financial statement
  • Last two years personal tax returns on all owners
  • Last three years business financial statements and tax returns
  • Projections and business plans for businesses less than 5 years old

All business loans must have collateral to back them. Collateral can be such things as the business assets now owned or the assets to be purchased with the loan proceeds.

There are many resources to aid you in your business decisions:
www.score.org (Service Corps of Retired Executives) is a great resource of retired executives that will mentor you and give advice on a full range of business topics. This help service is FREE of charge and completely confidential.

Some other helpful sites:

www.sos.state.ia.us (Iowa Secretary of State's office)
www.state.ia.us/ided (Iowa Dept of Economic Development)
www.sba.gov (The Small Business Administration)
www.ifahome.com (Iowa Finance Authority)

Business/Agriculture
Apply Online Contact Us