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
Term Loans
Financing for equipment and real estate purchases
Financing for equipment and real estate purchases
- Machinery and equipment
- Rolling stock and vehicles
- Capital assets
- Commercial real estate acquisition
- Construction loans
- Expansion loans
Letters of Credit
To support our customers' trade activities
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
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Mike Bahnsen
Vice President Business Development Mason City |
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Natalie Plagge
Vice President
Business Banking Clear Lake |
Josh Thompson
Vice President Business Banking Clear Lake |
Rachel Maletta
Assistant Vice President Business Banking
Clear Lake/West Des Moines |
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Mike Bloomingdale
Assistant Vice President Business Banking
Mason City |
Joni Erwin
Commercial & Ag Lending Officer
Ag/Business Banking Garner |
Ashley Upmeyer
Business Banking Officer Clear Lake |
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Joan Hanson
Assistant Vice President Ag/Business Banking Clear Lake
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Chei Hanig Credit Analyst Business Banking Mason City |
Lora Jans Loan Assistant Business Banking Clear Lake |
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Ryan Van Ostrand
Credit Analyst Business Banking Clear Lake
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