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Business and Ag Loans

Term loans

We offer a variety of term loans to fund vehicles and equipment.

Commercial Mortgages and Construction Loans

Commercial mortgages and construction loans allow you to purchase, refinance or construct commercial real estate such as land development, manufacturing facilities, warehouse space, professional offices or apartments.

  • Fixed or Variable Rates
  • Fixed rates available for up to 15 years subject to certain qualifications

Small Business Administration (SBA) loans

MidWestOne Bank is an SBA-preferred lender, which means quicker processing and local decision making. We participate in all SBA loan programs, including:

  • SBA Express
  • Patriot Express
  • 7(a) Program
  • 504 Program

Agricultural loans

Agricultural loans provide funding for real estate, equipment, buildings and improvement. Operating lines are available for crop inputs, operating needs, livestock and feed, etc. We also offer specialized loan programs such as:

  • FSA Loans
  • Beginning Farmer Loans
  • Farm Ownership Loans
  • Guaranteed Farm Loans
  • Iowa Ag Development Authority (IADA) Loans
  • Iowa Finance Authority (IFA) Loans

Business Loan Checklist

Speed up the application process by having these items ready to go when you reach out to us:

Start-Up Business

  • Written business plan with financial projections
  • Personal financial statement (view template)
  • Previous three years of personal tax returns
  • Résumé detailing the education and related experience for each owner
  • If applicable, any proposed lease agreements
  • For assistance with your business plan, please contact the Iowa Small Business Development Center at 515-294-2030 or go to www.iowasbdc.org.

Existing Business

  • Summary of financing request (amount, term, collateral, etc.)
  • Personal financial statement (view template)
  • Previous three years of personal tax returns
  • Three years of business tax returns and interim statements (less than 90 days old)
  • If available, three years of business projections
  • Loan request detailing purpose and amount of loan, collateral and repayment sources
  • If applicable, any proposed lease agreements



“Convenient locations and the tellers are outstanding. The bookkeeping department is also outstanding for telephone transfers and problems or questions.”  

Jeff W. — White Bear Lake, MN customer