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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

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 Jean Mujica Mike Bahnsen
Pat Goedken
Vice President
Ag/Commercial Banking
Mason City
Jean Mujica 
Ag/Commercial Banking
Assistant
Mason City
Mike Bahnsen
Vice President
Ag/Commercial Banking
Garner
Chris Droscha
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   Daina Brown
Ashley Upmeyer
Ag/Commercial
Banking Assistant
Clear Lake

 

Daina Brown
Administrative Assistant
Commercial Banking
Mason City