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Commercial & Small Business Loans

Meet the Commercial Banking Team 
 

Loan Products:

  • Working Capital Financing – Short-term loans to support growth within a company.
    • Line of credit to support accounts receivable and inventory.
    • Seasonal line of credit to support temporary spike in working capital needs.
    • Line of credit to support a specific contract.
       
  • Term Loans – Financing for equipment and real estate purchases.
    • Machinery and Equipment.
    • Rolling Stock & Vehicles.
    • Capital Assets.
    • Commercial Real Estate Acquisition.
    • Construction Loans.
    • Expansion Loans.
       
  • Letters of Credit – These are issued to support our customers’ trade activities.


Typical information needed to process a business loan:

Existing Business:

  • Last three years of fiscal year end balance sheets and income statements.
  • Most recent interim balance sheet and income statement.
  • Signed personal financial statement(s) of the business owner(s).
  • Last three years of federal tax returns on the business.

Business Acquisition:

  • All financial information previously listed.
  • Projections for at least one year including cash flow, balance sheet, and income statement.
  • Copy of executed purchase agreement.

Start-up Businesses: 

  • All financial information previously listed.
  • Consider these helpful resources:

 

Looking for a reference on our bankers? Check out these videos to hear what our ag and commercial customers have to say about working with CLB&T! 

 

Our Ag and Commercial Banking Team

Marc Younge Todd Kirkpatrick
Paul Stevenson
Executive Vice President/ 
Chief Credit Officer
Marc Younge
Senior Vice President
Ag/Business Banking
Clear Lake
Todd Kirkpatrick
Senior Vice President
Business Banking
Mason City
Chris Droscha
Brian Berg
Senior Vice President
Business Banking
Clear Lake
Chris Droscha
Vice President
Business Banking 
Mason City

Pat Goedken
Vice President
Ag/Business Banking
Clear Lake

Mike Bahnsen

Mike Bahnsen
Vice President
Ag/Business Banking
Garner

Pat Thompson
Assistant Vice President
Business Banking
Mason City

Natalie Plagge
Assistant Vice President
Business Banking 
Clear Lake

Ashley Avery

Josh Thompson
Assistant Vice President  Business Banking 
Clear Lake

Ashley Upmeyer
Credit Analyst
Business Banking 
Clear Lake

Joan Hanson
Assistant Vice President
Ag/Business Banking
Clear Lake
Jean Mujica Daina Brown
Jean Mujica 
Administrative Assistant 
Ag/Business Banking
Mason City
Daina Brown 
Administrative Assistant 
Business Banking
Mason City
Christel Muth
Administrative Assistant 
Business Banking
Clear Lake