Small Business Loans

A line of credit helps you meet your short-term or seasonal cash flow needs, giving you the flexibility to respond when business opportunities develop.

• A credit line gives business owners control and discretion over how to spend the funds
• Various repayment options designed for your business cycle, from interest-only payments to staggered pay downs
• Advances from the Line of Credit will be made directly to your MSB checking account for immediate access to funds

A letter of credit is a payment guarantee we send to third parties on your behalf, promising to make a payment if requested or required.

• Can be used for bonding purposes
• Costs less than some insurance bonds
• No interest paid if it isn’t used
• Is normally irrevocable for the term
• Can be used for construction projects or municipal snowplow contracts

With a commercial mortgage, you can purchase, refinance or renovate the perfect space for your business.

• Competitive interest rates
• Multiple loan terms
• Equity can be used as a down-payment for other purchases
• Automatic payments available

Constructions Loans can be used for renovations, expansion, making repairs, or providing new facilities for a commercial property.

• Competitive interest rates
• Monthly interest-only payments based on outstanding balance
• Advances made directly to the contractor
• Easily converted to permanent financing after construction is complete

An Agricultural Loan can help cultivate a growing and thriving business.

• Line of credit or term loan that is needed for planting and harvesting various crops
• Flexible payment terms that adapt to the seasonality of the business
• Flexible terms and competitive interest rates.

An equipment loan can help you purchase new or used equipment to help you take advantage of innovative technology, expand your services, and increase efficiency.

• Competitive equipment financing and refinancing rates and terms
• Payments can be annual or staggered to cover slow months
• No prepayment penalties

Our boat loan can be used for purchasing, refinancing, or building a boat.

• Competitive interest rates and terms
• Your existing boat could become a down payment if purchasing or building a new boat
• We can let you access equity from your boat to cover expenses or seed a new voyage through a commercial line of credit
• Annual or staggered payments available to help accommodate your slow season