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Business Loans

Home Business Loans & Lines of Credit Business Loans

Funds to help you grow and thrive

You need new equipment. You want to move into a new facility. Whatever your needs, we will work with you to find a financing solution that will help your business succeed.

All loans subject to credit approval.

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We offer different loans to fit your business

  • Working capital lines of credit
  • Term loans
  • Equipment loans
  • Construction loans for owner-occupied facilities

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 Businesses

  • Summary of financing request (purpose, amount, term, collateral, etc.)
  • 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 your local Small Business Development Center

Existing Business

  • Summary of financing request (purpose, 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
  • If applicable, any proposed lease agreements