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Clear Lake Bank & Trust


A man and lady working in a coffee shop or restaurant

Business Loans

Our lenders can help with a variety of business loans:

Working Capital Financing

Short-term loans to support growth within a company
  • Line of credit to support accounts receivable and inventory
  • Seasonal line of credit to support a temporary spike in working capital needs
  • Line of credit to support a specific contract

Term Loans
Financing for equipment and real estate purchases
  • Machinery and equipment
  • Rolling stock and vehicles
  • Capital assets
  • Commercial real estate acquisition
  • Construction loans
  • Expansion loans

Letters of Credit 
To support our customers' trade activities

To begin the loan process, we'll need some information from you, depending on the stage of your business: 

Existing Businesses

  • Last three years of fiscal year-end balance sheets and income statements
  • Most recent interim balance sheet and income statement
  • Signed personal financial statement(s) of the business owner(s)
  • Last three years of federal tax returns on the business

Business Acquisition

  • All financial information from above
  • Projections for at least one year including cash flow, balance sheet, income statement
  • Copy of executed purchase agreement

Start-Up Businesses

Our Ag and Commercial Banking Team

Marc Younge Officer Page Pat Goedken headshot
Marc Younge
Senior Vice President Ag/Business Banking
Clear Lake
Pat Goedken
Senior Vice President 
Ag/Business Banking
Clear Lake
Mike Bahnsen
Vice President 
Business Development
Mason City
Joan Headshot Josh Thompson
Joan Hanson
Assistant Vice President Ag/Business Banking
Clear Lake
Natalie Plagge
Vice President
Business Banking
Clear Lake
Josh Thompson
Vice President 
Business Banking
Clear Lake
Rachel Hewitt           Ashley Upmeyer
Rachel Maletta
Assistant Vice President
Business Banking
Clear Lake/West Des Moines
Mike Bloomingdale
Assistant Vice President
Business Banking
Mason City
Ashley Upmeyer
Business Banking Officer
Clear Lake
Chei Hanig Lora Jans
Joni Erwin
Commercial & Ag Lending Officer
Ag/Business Banking
Chei Hanig
Credit Analyst 
Business Banking
Mason City
Lora Jans
Loan Assistant 
Business Banking
Clear Lake