Business Lending




Looking for a business loan that puts you first?
First Bank is proud to play a role in helping local business owners grow their business. We offer loans specifically designed for commercial and agricultural customers including manufacturing equipment, business expansions, commercial development, and inventory financing. We are also able to assist customers with special loan programs offered by the State of Iowa and the Small Business Administration.

Give us a call.
We're here to listen and help you customize a business loan to fit your business goals.
  • Operating and working capital loans secured by inventory and accounts receivable
  • Machinery and Equipment loans
  • Real Estate Loans
  • Floor Plan Loans
  • Economic Development loans
  • SBA and USDA B&I Guaranteed Loans
  • Finance Seasonal Cash Flows
  • Flexible borrowing arrangement for short-term funds
  • Gap financing while arranging a loan
  • Pre-determined amount which allows you to borrow as needed.
  • Reserve Checking - a simpler line of credit linked to your business checking account
  • Designed for intermediate term borrowing needs of 1-7 years
  • Repayment based on your company's cash flow and the life of the asset
  • Used to finance permanent assets such as equipment, machinery, computers, and trucks or trailers
  • Expand or remodel existing facilities
  • Purchase of new property or business
  • Investment property
  • Repayment schedules based on 15-20 year amortizations
  • Provides the short-term financing needed to complete a project
  • Terms of 3-18 months
  • Interest charged only on funds in use
  • Interest-only payments during construction
The Small Business Administration offers several programs for beginning entrepreneurs to seasoned business owners.  First Bank's business bankers have a strong relationship with the SBA and will be able to assist you in finding a program that your business can benefit from.

  • 7(a) Loans - A group of SBA loans which guarantee portions of the total amount, cap interest rates, and limit fees.
  • 504 Fixed Rate - Long-term, fixed-rate financing to purchase or repair real estate, equipment, machinery or other assets.
  • Micro Loans - The smallest loan program at the SBA, providing $50,000 or less to help businesses start up and expand.
Learn more about SBA Loans
LIFT Program (Linked Investments for Tomorrow)   The Small Business Linked Investments Program provides capital for small businesses owned and operated by Iowa residents.