Business Loans
Our lenders can help with a variety of business loans:
Working Capital Financing
Short-term loans to support growth within a company
- Line of credit to support accounts receivable and inventory
- Seasonal line of credit to support a temporary spike in working capital needs
- Line of credit to support a specific contract
Letters of Credit
To support our customers' trade activities
Term Loans
Financing for equipment and real estate purchases
- Machinery and equipment
- Rolling stock and vehicles
- Capital assets
- Commercial real estate acquisition
- Construction loans
- Expansion loans
To begin the loan process, we'll need some information from you, depending on the stage of your business:
Existing Businesses
- Last three years of fiscal year-end balance sheets and income statements
- Most recent interim balance sheet and income statement
- Signed personal financial statement(s) of the business owner(s)
- Last three years of federal tax returns on the business
Business Acquisition
- All financial information from above
- Projections for at least one year including cash flow, balance sheet, income statement
- Copy of executed purchase agreement
Start-Up Businesses
- All financial information from above
- Consider these helpful resources:
Our Ag and Commercial Banking Team
Ashley Upmeyer
Business Banking Officer
Clear Lake
Clear Lake
Joan Hanson
Assistant Vice President
Ag/Business Banking
Clear Lake
Ag/Business Banking
Clear Lake
Chei Hanig
Credit Analyst
Business Banking
Mason City
Business Banking
Mason City
Lora Jans
Loan Assistant
Business Banking
Clear Lake
Business Banking
Clear Lake
Ryan Van Ostrand
Credit Analyst
Business Banking
Clear Lake
Business Banking
Clear Lake
"Ollenburg Motors has been doing business with Clear Lake Bank and Trust since July of 1993. During these 30 years I have been able to rely on their knowledge and experience to navigate through a variety of economic environments. CLB&T has truly partnered with our family-owned business and takes an active role in supporting our success. Having a bank that understands your business and looks for ways to help is just one reason I continue to choose CLB&T!"
- Dan O.
