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HOTEL LENDING IS AVAILABLE NATIONWIDE!
Farmers State Bank approves all loans in-house, which means accelerated approval times and closing dates. Spending less time on the loan process, means more time focusing on what matter most – growing your business.
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SBA 7A
SBA loans are long-term loans partially guaranteed by the government. Unlike conventional term loans, SBA loans offer business owners the opportunity to take advantage of lower down payments and favorable terms while removing some of the barriers of traditional financing options.
Farmers State Bank's SBA loans can help your business:
- Acquire a new business or franchise
- Refinance an existing business
- Purchase or improve real estate
- New construction
- Finance new equipment, heavy machinery, specialized equipment or other fixed assets
- Boost working capital
SBA loans offer a wide range of lending options to businesses that might otherwise have difficulty getting approved. They also generally offer lower down payments and extended terms.
USDA BUSINESS AND INDUSTRY (B&I) GUARANTEED LOAN PROGRAM
The USDA Business and Industry (B&I) Guaranteed Loan Program is designed to assist rural businesses in communities with a population of 50,000 or less obtain credit for most legal business purposes. A borrower may be a corporation, partnership, individual, cooperative organization or other legal entity organized and operated on a profit or non profit basis.
Farmers State Banks' USDA B&I Loan can help with your:
- Business and Real Estate acquisition, construction, conversion, expansion, repair, modernization or development
- Purchase of equipment, machinery, or inventory
- Start-up costs and working capital
- Refinancing for viable projects
The benefits of the USDA B&I Guaranteed Loans Program for businesses is a higher loan amount, lower interest rates, and longer repayment terms. This greatly assists businesses who may not qualify for conventional commercial real estate financing, providing the business greater stability which leads to greater growth, expansion and rural employment.
OUR TEAM
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Chris HealyPresident of Small Business Lending (812) 589-2018 Connect with Chris on LinkedIn |
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Leslee LeverettSenior Vice President of Small Business Lending (618) 926-7595 Connect with Leslee on LinkedIn |
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Ed HullSmall Business Lending Credit Analyst (812) 455-0536 |
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Stacia ParkerSmall Business Lending Administration (618) 715-1213 |
