Business Loans


At First State Bank we lend strength to our communities by devoting ourselves to helping local businesses grow and prosper. We offer a variety of financing options to help you find the best credit solution that’s right for your business needs. You'll find a refreshing new choice in banking with lending decisions made quickly, locally and with the flexibility and responsiveness to give your business a competitive edge. Building lasting relationships is a primary focus at First State Bank and together with our innovative business banking products and experienced business bankers, we'll deliver custom tailored services just for you.

Click here to make a Loan payment


First State Bank has a term loan to fit your business needs.  If you are expanding, need to purchase equipment, or just need extra operating funds, we can offer a term loan with fast, local approval and convenient payment terms.

If you have seasonal fluctuations in cash flow, a gap to fill between payables and receivables, or just occasional needs for working capital, we can provide a convenient credit line. Access funds when you need them and make payments only when you use your line. Link your line to your First State Bank checking account and provide yourself with a safety net to avoid your account becoming overdrawn.

We have many years of experience in lending to a variety of enterprises--from small family farms to large farming operations. Our knowledgeable loan officers can assist in many types of agricultural lending including livestock enterprises, dairy and traditional field crops. They can provide you assistance with financial analysis and offer loan options tailored to meet your individual needs.

Our commercial lenders have a wide range of experience and expertise in real estate projects. We offer a variety of financing programs to accommodate your needs with terms tailored to your unique situation. Contact one of our commercial experts to discuss your specific needs, whether for construction or interim or permanent financing.

Wouldn’t it be nice to receive immediate cash for your receivables? To get out of the billing business and back to the business at hand?  Business Manager is a complete system by which we purchase your existing receivables on a discounted basis and take over the responsibilities for billing your customers and collecting their payments.

Provide your contract holders with a guarantee of your ability to perform under the terms of a contract. First State Bank can issue a Standby Letter of Credit on your behalf.

The Small Business Administrations (SBA) is a government agency which guarantees qualifying business loans. First State Bank partners with SBA to assist you, from the application process through the closing of the loan and beyond.

Click here for more information on SBA loans.


Preparing for your First State Bank Business Loan

You'll find a convenient business loan and credit application to get you started. Simply print, complete and give us a call. We'll help in every way to make this process easy. We can meet you at your office or at a banking center near you, or call a business banking specialist at 574-825-2166 or toll-free at 800-511-1802


To prepare for your appointment with a commercial lender, here are a few things to bring:

  • Business profile and/or plan
  • Current and prior 2 years financial statements (balance sheet and income statements)
  • Business tax returns (prior 2 years)
  • Articles of incorporation, operating agreement or partnership agreement
  • Signed personal financial statement of each principal owner or guarantor
  • Prior 2-years personal federal income tax return. Click here for a Personal Financial Statement.
  • Collateral description (i.e. year, model, address, etc.)
  • Copy of driver’s license and one other form of ID

Loans, lines of credit and credit cards are subject to credit approval. Please consult with a First State Bank commercial lender for the latest rates, fees and any other requirements. Property insurance, flood hazard insurance, appraisal and/or other conditions may be required. Additional fees and closing costs may apply.