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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

Paul Stevenson headshot Marc Young headshot Brian Berg
Paul Stevenson
Executive Vice President/
Chief Credit Officer
Clear Lake
Marc Younge
Senior Vice President Ag/Business Banking
Clear Lake
Brian Berg
Senior Vice President 
Business Banking
Mason City
Pat Goedken headshot Chris Droscha Mike Bahnsen
Pat Goedken
Vice President 
Ag/Business Banking/
Treasury Management Specialist
Clear Lake
Chris Droscha
Vice President 
Business Banking
Mason City


Mike Bahnsen
Vice President 
Ag/Business Banking
Garner
Pat Thompson headshot Natalie Plagge Josh Thompson
Pat Thompson
Assistant Vice President
Business Banking
Mason City
Natalie Plagge
Assistant Vice President
Business Banking
Clear Lake
Josh Thompson
Assistant Vice President 
Business Banking
Clear Lake
Joan Headshot Ashley Upmeyer Jean Mujica headshot
Joan Hanson
Assistant Vice President Ag/Business Banking
Clear Lake
Ashley Upmeyer
Credit Analyst
Clear Lake
Jean Mujica
Administrative Assistant Ag/Business Banking
Mason City
Daina Brown
Abby Ostercamp
Daina Hewitt
Administrative Assistant 
Business Banking
Mason City


Abby Ostercamp
Administrative Assistant 
Business Banking/
Personal Banker
Garner