Lines of Credit
A business line of credit gives your business access to cash, whenever you need it, up to a prespecified amount. The main
advantage of a line of credit is flexibility. Funds are always available when you need them, but you pay no interest until you
draw on the line which makes it great for emergencies. The line can be secured or unsecured with multiple repayment options.
Business lines of credit are great for a variety of ongoing or short-term financing needs, such as improving cash flow, acquiring seasonal working capital, purchasing inventory, materials, or equipment, and financing accounts receivable.
Secured Loans - designed for business owners who need credit for:
Purchasing inventory and materials
Purchasing vehicles or equipment
Improving cash flow or permanent working capital
Refinancing debt
Financing accounts receivables
Agricultural Loans - designed for business owners who need credit for:
Financing crop and livestock production expenses
Purchasing equipment
Breeding livestock
Purchasing land for the purpose of farming or ranching (not rural residences)
Commercial Mortgage Loans - A commercial mortgage is similar to a residential mortgage, except the collateral is a commercial building or other business real estate, not residential property.
Download Applications
SBA Loans - UMB SBA Loans/Lines are financed in participation with the Small Business Administration
(7a, SBAExpress, and Rural Advantage programs) and provide your business with the financial flexibility you need to make your business grow.
www.sba.gov
Contact one of our qualified loan officers today to get more information on how we can help your business grow!
New London – 320-354-2277
Willmar – 320-262-3700