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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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