Citizens Bank & Trust provides business loans at attractive rates to businesses to fund operating expenses, fixed asset purchases, floor planning, expansion, and other business purposes.
Business loans will generally fall into one of three types:
- Operating – Flexible and convenient operating credit lines can assist with smoothing out the seasonal cash flow cycle of your business. The credit lines are short term borrowing that are to be repaid within one year.
- Intermediate term loan – Loans from one to five year terms. Whether it’s time to upgrade your equipment or consolidate business debt into one convenient payment, we can structure payment plans to fit your cash flow stream and financial needs.
- Long term loan – Any loan over five years and less than fifteen years in term. Long term loans are usually secured by real property. If your business plans on purchasing additional property, renovate a current facility or purchase new property, our Commercial Loan Officers will give you the hands-on service you need during the process.
Our customers benefit from our experienced staff and larger lending limits. All our decisions are made locally, so you aren’t waiting for answers. At Citizens Bank & Trust we care about your success and will go the extra mile to make our community a better place.
To speak with a Commercial Loan Officer, call 320-587-2233.
Please watch our featured video testimonial to hear what Jack Daggett, from Pride Solutions, has to say about his experience with Citizens Bank & Trust Co.