Commercial Loans for Businesses of Any Size
No matter the size and type of business you have, you need a lender that understands your unique borrowing needs. German American State Bank specializes in providing commercial loan solutions for a wide range of businesses. Whether you're a small business owner just starting out or you own an established business and you're ready to expand, we're here to work with you.
Our loan officers take the time to understand your goals and walk you through your options. All decisions are made right here by our local team, so you get answers quickly and from people who know your business. Contact your local German American State Bank office to connect with our lending team.
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Commercial Loan Options at German American State Bank
Loan Type | What You Need to Know About This Loan |
|---|---|
Term Loans | Fixed-term loans with set repayment schedules, typically used for purchasing equipment, vehicles, or funding expansion. Terms can extend up to 30 years depending on the loan type. May include document prep fees and require appraisals or title policies. |
Lines of Credit | Flexible borrowing option that allows businesses to draw funds as needed up to a set limit. Ideal for managing cash flow or covering short-term expenses. Interest is only paid on the amount used. May include annual fees and require strong credit. |
Letters of Credit | A financial guarantee issued by the bank to ensure payment to a third party. Commonly used in trade and commercial transactions to reduce risk. Terms and fees vary based on the agreement and creditworthiness. |
Equipment Loans | Specifically designed to finance the purchase of business equipment. These are term loans with fixed interest rates and repayment periods aligned with the equipment’s useful life. May require down payments or collateral. |
Commercial Real Estate Loans | Used to purchase, refinance, or renovate commercial property. Terms can extend up to 30 years with fixed or variable interest rates. Typically requires appraisals, title insurance, and may include balloon payments or adjustable-rate options. |