Helping local businesses – large and small – succeed
The diversity of our local businesses is an advantage to our community. When local businesses succeed, we all do. We offer a variety of commercial and small business loans to assist businesses of all sizes achieve success.
Common expenses we can help with
Our loan solutions can assist you with:
- Business acquisition or expansion costs
- Working capital expenses
- Equipment purchases
- Commercial real estate purchases
- Helping cover operating expenses during slow times of the year
Our commercial lenders can help you figure out what solution is best for you.
SBA loans for local small businesses
We also work with the Small Business Administration to provide access to SBA loan programs. These programs are directed at helping local small business owners and entrepreneurs.
SBA 7(a) Loans- most commonly used to meet short and long-term needs of existing small businesses and for start-up costs. These are ideal loans for small businesses that cannot obtain traditional financing at an affordable rate elsewhere.
504 Loan Program- The 504 Program provides long-term, fixed-asset financing through certified development companies.
We can also help you identify possible solutions offered from the State of Iowa. There are a number of loan and grant programs available for new businesses. Get in touch with one of our commercial lenders today to see what options are available.
