Small Business Loans and Lines

We offer a full menu of products designed to meet the credit needs of traditional and agricultural businesses. For information about how we evaluate our business credit requests please read our Business Lending Philosophy. If you require additional assistance, feel free to contact your local branch at any time.

 

Stream-Line

Local-Line

Local-Loan: 
Real Estate

Local-Loan:
Business Assets

Description

Unsecured Line of Credit

Secured Line of Credit

Term Loan secured by Real Estate

Term Loan secured with Business or Farm Assets

Purpose Short-term working capital,
inventory, or payroll
Short-term operating expenses or small capital expenditures Facility purchase, expansion, long-term working capital or refinance Purchase equipment, livestock, vehicles,
inject W/C, or consolidate business debt
Amortization1 30 years up to $25,000. Over $25,000 up to 1 year Up to 1 year Up to 25 years Up to 7 years
Amount $3,000 to $250,000 $3,000 to $250,000 $3,000 to $250,000 $3,000 to $250,000
Collateral Unsecured Equipment, Inventory, Livestock, Crops
and other Business or Farm Assets
including Unencumbered Real Estate
Unencumbered Real Estate Equipment, Livestock, other Business or Farm Assets
Payment Terms

Up to $25,000: 2% of principal monthly

Over $25,000: Interest only, balloon at maturity

Interest only, balloon at maturity Principal & interest payments, based on structure Principal & interest payments, based on structure
Rate Terms Variable rate, based on Daily Wall Street Journal Prime Variable rate, based on Daily Wall Street Journal Prime Fixed or variable rate options Fixed or variable rate options
Rate As Low As2 WSJP + 3.75% (currently 7.00%) WSJP + 0.75% (currently 4.00%) 5 year FHLB + 3.00% (currently 5.13%) 5 year FHLB + 3.50% (currently 5.63%)
Rate Floor / Ceiling Subject to Credit Approval Subject to Credit Approval Subject to Credit Approval N/A
Origination Fee3 .50% of line amount, or $100
whichever is greater
.50% of line amount, or $100
whichever is greater
1.00% of loan amount, or $100 whichever is greater 1.00% of loan amount, or $100
whichever is greater
Annual Fee .25% of line amount or $100, whichever is greater .25% of line amount, or $100, whichever is greater N/A N/A
Deposit Account Required Yes Yes No (Encouraged) No (Encouraged)
Let's Get Started! Complete & Print Application Complete & Print Application Complete & Print Application Complete & Print Application

 
1. Based on request details, shorter amortization periods may apply. 

2. Subject to credit approval. Rates valid as of 4/04/14 and subject to change without notice. 

3. Other fees including third party closing costs, collateral appraisal, insurance, or annual fees may apply.