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Commercial & Small Business Loans

Meet the Commercial Banking Staff 

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.

  •  Small Business Administration (SBA) Loans  SBA
    • CLB&T is an SBA Preferred Lender.  Our SBA preferred lender status allows us to directly approve loans on behalf of the SBA, resulting in better service, faster loan approvals and quicker disbursement of loan funds.
    • 7(a) Guaranty Program: suited for working capital, lines of credit, working capital term loans, equipment purchases and owner-occupied real estate purchases and refinances.
    • 504 Loan Program: suited for real estate and fixed asset purchases.


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: 

 

 

Our Ag and Commercial Banking Staff
 

Paul Stevenson Marc Younge Todd Kirkpatrick
Paul Stevenson
Sr. Vice President/ 
Chief Credit Officer
Commercial Banking
Marc Younge
Vice President
Ag/Commercial Banking
Clear Lake
Todd Kirkpatrick
Vice President
Commercial Banking
Mason City
Pat Goedken Chris Deets Mike Bahnsen
Pat Goedken
Vice President
Ag/Commercial Banking
Mason City
Chris Deets
Vice President
Commercial Banking
Clear Lake
Mike Bahnsen
Vice President
Ag/Commercial Banking
Garner
Chris Droscha Joan Hanson
Chris Droscha
Vice President
Commercial Banking
Mason City
Joan Hanson
Assistant Vice President
Ag/Commercial Banking
Clear Lake
Natalie Plagge
Credit Analyst/Commercial
Banking Officer
Clear Lake
Ashley Avery Jean Mujica Daina Brown
Ashley Upmeyer
Ag/Commercial
Banking Assistant
Clear Lake

Jean Mujica
Ag/Commercial
Banking Assistant
Mason City

Daina Brown
Administrative Assistant
Commercial Banking
Mason City