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Business Loans

As your lending partner we know it takes more than just hard work and perseverance to keep your business running. It also takes capital.  That is why it is our goal to help your business grow. Our business banking professionals have the benefit of experience, so we can look at your needs with a knowing eye and help you with financing that fits your business. We know our communities and local economies. We take a big stake in their growth and success, just like you. We learn enough about your business and industry to be a relevant partner. We will share in the effort it takes to make your business a success. Business loans and other financing options from Bank of Hazelton can provide the funds critical to your growth. We will use our diverse experience to structure financing packages that work for your business. We have specialized training in various loan programs through the Small Business Administration (SBA), United States Department of Agriculture (USDA), Bank of North Dakota (BND), and many more.   Lending decisions are made locally, driven by the business banking professional who shakes your hand at the door, and who understands your business, so you will receive a quick response to your requests.

Financing Options
  • A line of credit is a great way to provide your business access to funds on your timeline. A Bank of Hazelton Line of Credit is the perfect tool for managing seasonal cash flow, addressing short-term financing needs, or simply injecting working capital into your operation. With flexible interest rates and terms, a Bank of Hazelton Line of Credit is a key component in any successful company’s financial toolbox.
  • Revolving line of credit
  • Working capital and operating loans
  • Bank of Hazelton Term Loans are designed to provide long-term financing for your larger projects such as acquisition, expansion, capital improvements, or equipment purchases.
  • Equipment loans for your business needs
  • Inventory/Accounts Receivable Loans
  • Commercial construction and real estate loans
  • Buildings for your business or rental properties
  • Permanent working capital loans
  • Agricultural real estate, operating and term loans
  • Business Agricultural Loans
  • Special agricultural loan programs
  • Small business administration (SBA) loans and other special loan programs
  • We work with businesses using SBA loan note guarantees as needed
  • SBA 504 commercial and agricultural real estate and equipment loans
  • We participate actively with the Bank of North Dakota
  • Dakota PACE loans for new business developments

The Small Business Administration (SBA) created a program of government-guaranteed loans designed to help small businesses, which might not normally qualify for credit, obtain the funding they need for their company’s immediate and long-term goals.

Businesses that might qualify for an SBA Loan include:

  • Owner-operated
  • Sole proprietorship, corporation, or professional partnership

  • For profit

Your business must also be:

  • Within the SBA designated size guidelines
  • Unable to secure other credit with reasonable terms

SBA financing can be used for:

  • Working capital
  • Equipment
  • Inventory
  • Commercial Real Estate – purchase, refinance, or construction
  • Debt refinance
  • Business acquisition

SBA Loans offer a variety of advantages over conventional financing:

  • Longer terms

  • Lower down payments

  • No balloon payments

  • Less restrictive financial covenants

Application Checklist

Existing Company:

  • 3 years of Historical Business Financial Statements

  • Most recent interim Business Financial Statement

  • Last 3 years Business Tax Returns

  • Personal Financial Statement

  • Depending on the purpose of the loan you are requesting you may be asked to provide the following:

    • Accounts Receivable and Account Payable Aging

    • Inventory List

New Company:

  • Business Plan

  • Monthly Projections

  • 3-Year Projections

  • Personal Financial Statement

  • Small Business Administration Application

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