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Business Loans

Choose a Lending Partner For Your Business

Local businesses are the backbone of any community. They create jobs and invest in our communities to make them better places to live and work. Farmers Bank understands the importance of local businesses and believes in investing in those businesses the same way they invest in the community. We offer a wide range of business loan options to help your business grow and thrive. Get started by visiting our office and speaking with our business lending team.

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Business Loans We Offer

  • Term Loans: These loans offer a fixed rate and flexible terms and can be used for a variety of purposes
  • Construction Loans: Fixed or adjustable rate loan with flexible terms. Interest only occurs during construction. Once construction is complete the loan could be converted to a term loan. A construction loan can be used to fund aspects relating to building or renovating a new space for your business.
  • Lines of Credit: Manage highs and lows with a line of credit to help you maintain consistent cash flow
  • Letters of Credit: Connect with more suppliers with a letter of credit that adds payment security
  • Equipment Loans: From office furniture to new technology, we have you covered with this loan
  • SBA Loans: These loans will help small business overcome barriers to getting started and are offered through the Small Business Administration


Required Documents for New or Established Business Loans

  • For the business:
    • Business information: type of business, legal documents, EIN, & copy business plan or summary of the business and its operations
    • 3-year of business tax returns
    • Year to date profit & loss statement
    • Year to date balance sheet
  • For all business owners/borrowers/guarantors
    • Personal information including name, address, SSN, DOB, driver’s license, title, ownership %, etc.
    • 3-years of personal tax returns
    • Personal financial statement

Start up Businesses - Helpful Resources

New Business Toolkit

Helpful resources for planning your business.

  • Check out - (business plan formats)
  • Visit your local Small Business Development Center (SBDC)
    • They can assist you with:
      • The thought process of starting your business,
      • What elements you need to consider, and
      • Walk you through preparing projections in your first few years of operation) 
  • Search the internet
  • Chamber Business Directory will have contact information for CPA's, attorneys ect.
  • The City also offers great business resources

Contact one of our experts with any of your business loan needs.

  • John Beneke
    John Beneke
    Vice President Commercial Loan Officer

    Division: Commercial Lending

    Phone: (712) 580-7020

    Contact Me
  • Ryan Davelaar
    Ryan Davelaar
    Vice President Commercial Loan Officer
    NMLS: 488212

    Division: Commercial Lending

    Phone: (712) 580-7017

    Contact Me
  • Scott Conrad
    Scott Conrad
    Commercial Loan Officer

    Division: Commercial Lending

    Phone: (712) 580-7048

    Contact Me
  • Sydney Roskens
    Sydney Roskens
    Commercial Lender Trainee

    Division: Commercial Lending

    Phone: (712) 580-7035

    Contact Me
  • Eric Schable
    Eric Schable
    Commercial Loan Officer

    Division: Commercial Lending

    Phone: (712) 580-7045

    Contact Me

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