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Business Loans
American State Bank is ready to help you with your financial needs. We offer a variety of loans as described below. Talk to one of our experienced loan officers today about our rates and how to obtain a loan at 218-294-6111 or Toll Free 1-877-814-9937 in Grygla or 218-687-2865 or Toll Free 1-800-434-7721 in Erskine.
Loan Officer Bryan K. Grove – bryan.grove@asbgrygla.com
Loan Officer Laurie J. Polansky – laurie.polansky@asbgrygla.com NMLS #504883
Loan Officer Kristopher Munter – Kristopher.Munter@asbgrygla.com NMLS #1380989
Loan Officer Melissa J. Senger – melissa.senger@asbgrygla.com NMLS #407689
- If your business experiences seasonal fluctuations in its cash flow, a line of credit might be what you need. An adjustable credit line and the flexibility provided may help your operation run smoothly to ensure funds are available when needed.
- If your company is looking to fund equipment purchases, expansion or for permanent working capital, term loans with tailor made repayment terms are available to fit your business needs.
- Commercial real estate loans to finance the purchase, construction, relocation or expansion of your business can be shaped to meet the needs of your business.
- Small Business Administration (SBA) Loans are available through American State Bank as a financing option for businesses that may not otherwise qualify for traditional commercial loans. SBA Loans can be used for a variety of financing needs.
- American State Bank partners with The Northwest Minnesota Foundation (NWF) and the Northwest Regional Development Commission (NWRDC) for a variety of business loans.