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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 
Paul Stevenson

Executive Vice President/Chief Credit Officer
Clear Lake 



Marc Younge
Senior Vice President, Ag/Business Banking
Clear Lake


Brian Berg

Brian Berg
Senior Vice President, Business Banking
Mason City
 



Pat Goedken
Vice President, Ag/Business Banking/Treasury Management Specialist
Clear Lake



Chris Droscha
Chris Droscha
Vice President, Business Banking
Mason City




Mike Bahnsen
Vice President, Ag/Business Banking
Garner


Pat Thompson headshot
Pat Thompson
Assistant Vice President, Business Banking
Mason City


Natalie Plagge
Natalie Plagge
Assistant Vice President, Business Banking
Clear Lake


Josh Thompson
Josh Thompson
Assistant Vice President, Business Banking
Clear Lake



Joan Headshot
Joan Hanson
Assistant Vice President, Ag/Business Banking
Clear Lake


Ashley Upmeyer
Ashley Upmeyer
Credit Analyst
Clear Lake


Jean Mujica headshot
Jean Mujica
Administrative Assistant, Ag/Business Banking
Mason City


Daina Brown
Daina Brown
Administrative Assistant, Business Banking
Mason City


Christel Muth
Christel Muth
Administrative Assistant, Business Banking
Clear Lake