Our bank at the Lake of the Ozarks truly cares about the growth and well-being of our local economy. Small businesses are the backbone of this economy. From time to time, businesses NEED financial help. That's where we come in. First Bank of the Lake is here to tell you all about the financing options we have for businesses in rural areas, in this week's blog. If you have any questions, please call 573.348.2265.
Business & Industry Financing - Financing options for businesses in rural areas!
If you’re located in a rural community and need commercial funding but are not sure where to begin, a USDA Business and Industry Loan may be just what you need.
This program is specifically designed to provide business loans in rural areas and help strengthen our local economy by giving you the tools to thrive.
As a USDA Business & Industry (B&I) Loan provider, we’re proud to help qualified businesses work towards their goals of developing, improving and providing a source of employment for the area. You’re working hard to make the local community a better place and as your lending partner, we work hard to do whatever we can to help support you.
Let us guide your financing to help build rural America together.
A borrower must be engaged in or proposing to engage in a business that will:
- Provide employment;
- Improve the economic or environmental climate;
- Promote the conservation, development, and use of water for aquaculture; or
- Reduce reliance on nonrenewable energy resources by encouraging the development and construction of solar energy systems and other renewable energy systems.
From business and industrial acquisitions to conversions, and many things in between, this government-backed loan offers your business accommodating financing options.
Take advantage of fixed or variable rate options through the USDA B&I program.
- Longer terms for cash flow enhancement
- Lower down payments
- Local decision-making and processing
- Streamlined underwriting and closing process
Plus, with First Bank of the Lake you’ll enjoy:
- Expert support and advice
- Quick Response
- Flexible Options
- Experienced Underwriters
From start to finish, we’re here for you!
You’ll have the support of a nationwide lender with an experienced underwriting and closing team. We’re ready to guide you through each transaction.
- Deal Dynamics and Structuring
- Due Diligence Process
- Industry Insights
Ideas can grow into a thriving company, expand into new markets, and take your business to the next level of success.
Talk to us about your business and where you want to go. We can help you get there. Find out what it’s like to work with a bank who puts you first.
If you'd like to learn more about this, please give us a call at the phone number listed below. Don't let the fear of starting something new keep you from following your dreams of starting a new business! Be sure to follow us on our social media channels listed below to stay up to date on our latest financial solutions we offer!
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