The Northern State Bank has provided funds for new businesses and established companies for day-to-day operations, seasonal cash flow, inventory, facility improvements, and company expansion.

We offer a full range of business lending services designed to provide many financial needs of the community, including:

Operating Loans/Lines of Credit

• Short-term loan option
• Working capital replenishment for day to day expenses
• Temporary credit to relieve pressure of collecting Accounts Receivable
• Seasonal financing to increase or re-stock inventory
• Emergency cash to address unexpected problems

Term Loans

• Term financing
• Equipment repairs or replacements
• Business vehicle purchases
• Major upgrades on technology
• Addition of product lines
• Industry expansion
• Facility improvements
• New or existing business purchases

Commercial Real Estate Loans

• Existing commercial building or retail store purchase
• New building construction
• Major facility remodeling/additions/improvements/repairs
• Construction site purchase

Letters of Credit

Financing to guarantee payment to vendors

Small Business Administration- USDA Rural Development- NW MN Development

• Loans to purchase or expand existing business
• “Start-up” company financing
• Programs may offer lower down payments and longer payment terms