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Clear Lake Bank & Trust

641.357.7121

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
Executive 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

Josh Thompson Rachel Hewitt
Natalie Plagge
Vice President
Business Banking
Clear Lake

Josh Thompson
Vice President 
Business Banking
Clear Lake

Rachel Maletta
Assistant Vice President
Business Banking
Clear Lake/West Des Moines

          Ashley Upmeyer
Mike Bloomingdale
Assistant Vice President
Business Banking
Mason City

Joni Erwin
Commercial & Ag Lending Officer
Ag/Business Banking
Garner

Ashley Upmeyer
Business Banking Officer
Clear Lake
Joan Headshot Chei Hanig Lora Jans
Joan Hanson
Assistant Vice President
Ag/Business Banking
Clear Lake
Chei Hanig
Credit Analyst 
Business Banking
Mason City
Lora Jans
Loan Assistant 
Business Banking
Clear Lake


Ryan Van Ostrand
Credit Analyst
Business Banking
Clear Lake