At First State Bank Southwest, we're here to help your business succeed. We offer an outstanding selection of products and services that are designed to meet the individual needs of your business. Our Business bankers stand ready to learn about your business, and to help you and your business succeed. Your success is our success!

At First State Bank Southwest, we help you select the best credit options for your business. Whether you're adding inventory, equipment, property, or people, we can help.

Operating Lines of Credit

You can plan for the future expected and unexpected needs of your business with a First State Bank Southwest line of credit. We can tailor your line of credit to meet the individual needs of your business. Protect your business' cash flow with a line of credit to cover seasonal fluctuations, inventory increases, overtime payroll, and unexpected expenses. Access to your line of credit is convenient and quick, and helps keep your cash flow running smooth.

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Term Loans

A term loan will provide financing for equipment purchases, vehicle purchases, permanent working capital, or other long term needs of the business. A term loan is typically secured by your business assets. Payment terms are flexible and interest rates are competitive. Regularly scheduled payments allow you to accurately forecast your cash needs.

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Commercial Real Estate Loans

Purchase, expand, or refinance a building or finance a piece of land with a commercial real estate loan. Closing costs are reasonable and payment terms are flexible.

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Business Loan Programs

At First State Bank Southwest we realize that the best possible loan structure can maximize the return of the business. To assure our customers the maximum return, the First State Bank Southwest has partnered with a number of business finance organizations.

• Small Business Administration (SBA)
  • Micro Loan Program is used to fund smaller projects for working capital, purchase of inventory, supplies, furniture and fixtures, and equipment. The maximum loan amount is $35,000.00. The maximum term is 6 years.
  • Express Program is used to finance working capital, purchase of inventory, supplies, furniture and fixtures, equipment and real estate. The maximum loan amount is $350,000.00. The Maximum term can be up to 25 years depending on the asset life of the collateral.
  • 7a Loan Guaranty Program is used to finance the same as stated above up to $2 million dollars. Maximum term can be up to 25 years.
  • 504 Loan Program is used to finance the purchase of equipment and commercial real estate. Maximum loan amount is $1million dollars maximum term is 25 years. The largest benefit of this program is a below market long term fixed interest rate.

  

• Southwest Initiative Foundation
  • Revolving Loan Fund
  • Renewable Energy Loan Program
  • Regional Centers Loan Program
  • Small Communities Loan Program
  • Micro-Enterprise Loan Program

  

• United States Department of Agriculture
  • Rural Development Business & Industry Loan Guaranty Program provides guaranteed financing for working capital, machinery and equipment, buildings and real estate.
  • Maximum loan amount is up to $25 million with a maximum repayment term of up to 25 years.

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Payroll Direct Deposit

Save money and time by signing up for direct deposit of payroll. It's easy to sign up, and you avoid the hassles of processing paper checks, re-issuing lost or stolen checks, hand-distributing checks to employees, and dealing with monthly check reconcilement. Plus, it's generally less expensive than processing with paper checks if you have 15 or more employees.

Your employees will love direct deposit of payroll as well. They don't have to worry about rushing to the bank to deposit their paychecks, and it is a more safe, confidential, and reliable method to receive their wages.

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Business Insurance

Risk management is critical to a successful business operation. To assist business owners in managing risk, a good insurance agent can provide a well-structured insurance policy to insure against major losses that will disrupt the business operation and jeopardize the future. Contact Barb Raymo at First State Insurance Agency Southwest.

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Retirement Plans

As a business owner, you know that retirement programs are a smart business investment for you and a valued benefit to your employees. You can choose from traditional FDIC-insured bank products or, in conjunction with Investment Centers of America, invest in stocks, bonds, and other more non-traditional products. Either way, we can help you retain and reward employees with a more secure financial future, while providing you the business owner, significant benefits in the form of tax savings.

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