Small Business Loan Services
Bank of Old Monroe understands that operating a business can require a steady, reliable cash flow. Whether you need financial assistance to help your small business or are thinking about expanding, a small business loan can help.
Request an application for a revolving line of credit for your small business today!
Commercial Real Estate
Bank of Old Monroe is committed to helping our customers capitalize on their real estate needs and opportunities, and that is why we offer a variety of Commercial Real Estate Loans with competitive terms and rates.
We finance many different property types. Here are just a few examples:
- Rental Properties
- Commercial Office
- Self-Storage Facilities
- Mixed Use
Bank of Old Monroe has offered equipment and machinery financing since 1906 to small business manufacturers, distributors and contractors. We understand the machine tool business and are familiar with most equipment being purchased today. Because of our knowledge, we offer equipment financing for small businesses with competitive loan terms and rates to help you upgrade old equipment or purchase the equipment you need to operate and expand your business.
Business Construction Loans
Constructing a new building for your business can be a complex process. At Bank of Old Monroe, we offer flexible loan options that help your business through the building process. Whether breaking ground for the very first time, opening a new location, or expanding your current location, we will be there with you every step of the way. Speak with one of our loan officers today.
Operating Line of Credit
A small business operating line of credit provides you with the working capital you need to help smooth out temporary or seasonal cash flow fluctuations. Operating lines of credit are a great option when you need access to short-term funding for business expenses such as inventory and payroll, emergencies, and other unexpected business expenses that arise. Additionally, an operating line of credit offers you the flexibility to borrow against your line and repay without a fixed schedule.
Business Credit Cards
Business credit cards can help give you the cash flow and financial flexibility you need as a small business owner. Build your company’s purchase power with our flexible Visa Business Credit Card. Our Visa Business Credit Cards can help you manage your company’s cash flow, monitor employee spending, track business expenses, and keep your personal and business expenses separate. Enjoy state-of-the-art security, hometown convenience and personal customer service located within the U.S.
Apply for a Bank of Old Monroe Visa Business credit card† today!
†Visa cards are underwritten and issued by Bankers Bank of Kansas under the expressed written consent of Bank of Old Monroe
How a Bank of Old Monroe Small Business Loan Can Help Your Business
Small business loans are an excellent option for business owners needing disaster-relief or businesses that are working on expanding, but need financial assistance to make it happen.
Bank of Monroe is committed to helping small businesses in all industries reach their full potential. We offer a variety of small business loans with competitive terms and rates, and will work with you to build the perfect loan for your business’ needs.
With a small business loan, you can:
Rely on a Steady Cash Flow
Small business loans let you pay for work on time, which, in return, ensures there aren’t any project delays.
Eliminate Waiting Periods
Capital constraints can keep you from starting new projects. Small business loans give you the money you need to start on your next project, even if you are waiting on payment for your previous project.
Purchase Equipment Outright
Rather than leasing a space, office equipment, tools, or other equipment, you can purchase equipment outright, which in the long run, can save you time and money.
If you want your business to grow and take on larger projects, you’ll need the workforce to do it. Unfortunately, this can be one of the most expensive parts of running a business. A small business loan gives you the funds you need to hire a reliable team to get the job done.
How to Apply for a Small Business Loan
If you are interested in applying for a small business loan, you can call or contact Bank of Old Monroe today to schedule an appointment with one of our loan representatives.
Information you’ll need to apply for a Bank of Old Monroe small business loan includes:
- Business documentation, including filing documents, organizing documents, articles of incorporation, etc.
- Business information: name, address, and tax ID number
- The state the business was established in and operates
- The date the business was established
- Information on all business owners involved, including Social Security number, address, and date of birth
We Offer Both Personal and Business Banking Apps!
We know you have a busy lifestyle where making it into a local branch to do your banking is sometimes impossible. Oversee your finances on the go with our personal and business Bank of Old Monroe apps! Manage your accounts, check your account balances, or pay your bills with the personal banking app. Monitor your transactions, transfer money, mobile deposit, and approve ACH and wire transfers through the business banking app. It’s never been easier to perform banking actions – head over to our Mobile Apps page to learn more and download!