Commercial Loans

 

Business Loans

First State Bank & Trust is proud to partner with you as you grow and succeed in your business. We have a wide array of loan services to fit most credit needs and our lending professionals will customize solutions to align with your business strategies. No matter your industry or occupation, we have the lending expertise to assist with your unique financing needs.

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Commercial Loans

First State Bank & Trust is proud to partner with you as you grow and succeed in your business. We have a wide array of loan services to fit most credit needs and our lending professionals will customize solutions to align with your business strategies. No matter your industry or occupation, we have the lending expertise to assist with your unique financing needs. Examples of loan services we offer:

Loans can be structured in many different forms depending on your cash flow. Some different types of payment options include:

  • Term loans with fixed payment schedule
  • Advancing loans with flexible or advance options
  • Revolving lines of credit
  • Fixed or variable rates

Commercial Real Estate Loans

Every property is unique and deserves a financing solution tailored to its needs. Whether you are making a first-time purchase or own an extensive real estate portfolio, our experienced lenders will work closely with you to build the best financing package possible for your project. We welcome projects that include owner occupied real estate in addition to larger investment properties.

Whether you plan to purchase, refinance or expand, we specialize in the following:

  • Owner Occupied
  • Residential - Multi-Family or 1-4 Family
  • Investment Property
  • Office
  • Retail
  • Industrial / Warehouse
  • New Construction
  • 1031 Exchange
  • SBA 504 Loans

Commercial and Industrial Loans (C&I)

Commercial and Industrial, or C&I Lending (also known asset based lending) provides a credit line within pre-set limits. Businesses with eligible Accounts Receivable and Inventory rely upon a monthly borrowing base certificate to determine how much they are able to borrow within their pre-determined limit. This type of loan is utilized most frequently by seasoned businesses with reliable internal accounting practices. A C&I loan can be a convenient way to infuse funds into the cash flow of a business.

Lease Purchase / Municipal Leasing

Our leasing program is a smart alternative to traditional financing and offers many advantages to businesses, schools, municipalities and governmental entities. Entities that may benefit from a lease as opposed to debt financing include Fire Departments, Townships, School Districts, Rural Water Districts and others. We believe that growing and sustaining our communities includes providing favorable financing and will offer the best rates and terms possible to your organization.

Some benefits of a lease include:

  • Efficient approval process for schools and municipalities
  • Up to 100% financing
  • Flexible repayment schedules
  • Tax deductibility (for businesses)
  • Tax exempt status of municipal entities allows highly competitive rates
  • Streamlined documentation and fast closing
  • Payments matched to cash flow
  • Preservation of working capital
  • Flexible end of lease options

SBA Loans (Small Business Administration)

First State Bank & Trust partners with the Small Business Administration to provide SBA financing for small businesses. SBA Loans are useful for business purchases, start-ups expansions or refinances; or for instances when a business may have difficulty qualifying for a loan under standard loan terms. The SBA provides a guaranty of 75% to 85% for the borrower, which strengthens the business loan application. There are several popular SBA borrowing programs from which to choose:

  • 7(a) Loan – This program can be utilized to purchase or refinance business assets or provide working capital up to $5 million. It provides 75%-85% guaranty, depending on loan amount.
  • 504 Loan – A 504 Loan is used for long term, fixed asset financing and is financed in partnership with a Certified Development Company (CDC). The CDC finances up to 40% and the lender finances 50%. The maximum loan amount can be $5 million to $5.5 million, depending on type of business or project.
  • CapLine – A CapLine provides financing for seasonal &/or short term working capital needs and may be revolving. Up to $5 million may be borrowed. Guaranties are 75%-85%.
  • Lower guaranty fees are available to Veterans borrowing $350,000 or less.
  • International Trade and Export Working Capital programs are also available.

Contact our Lending Team

Have questions? Need to get in touch with your loan officer? Click the button below to visit our lending team directory.

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