Commercial Loans

Laona State Bank is a rural community bank committed to meeting the financial needs of local businesses and entrepreneurs. We provide a variety of loans to help meet your business needs.

 

Paycheck Protection Program

Right now, we understand it may be a difficult time as a Small Business Owner. Therefore, Laona State Bank would like to help you through this time by assisting you in applying for a loan under the Small Business Administration’s (SBA) new Paycheck Protection Program (PPP). The Paycheck Protection Program is part of the CARES Act which this program has been designed to provide small businesses with funds to pay up to eight weeks of payroll costs including benefits. Funds are limited and subject to availability from the SBA. As Laona State Bank is a participating U.S. Small Business Administrator (SBA) lender, we are ready to help you with your application and guide you through the loan process. Please click here for more information about the Paycheck Protection Program along with the application.

 
  • Commercial Real Estate Loans – Loans to purchase, improve, or refinance commercial buildings and investment property
  • Construction Loans - For new construction or major remodel projects.
  • Loans for equipment, inventory, vehicles, etc.
  • Commercial Lines of Credit
  • Letters of Credit – Terms vary based on the contract and are subject to a fee
  • Short Term Business Loans

Looking for additional information?

Contact Us Visit a Branch

 

 

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