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Business Loans

We've been supporting local businesses for more than 90 years
Sometimes a good idea just needs a boost. First American Bank & Trust is a strong and stable bank with money to lend. Bring us your big idea and we'll find the lending solution with the rates and terms you need to get down to business. It's why so many people come to us first. We're ready to listen and offer solutions.
First American has an innovative lending solution for the renovation or construction of both owner-occupied and investor properties. You'll pay interest only on the total funds during construction and your permanent construction loan rate is locked in and guaranteed for the term of a mutually agreed upon construction phase. Fixed or adjustable rates are available for the following projects:
 
Commercial Construction
  • Lot or land
  • Land development
  • Construction
Residential Construction
  • Lot and land
  • Renovation
  • Builder sold
  • Builder model or spec
Commercial real estate owners, operators, developers and investors often turn to First American for smart, flexible and time-tested financing solutions to help them reach their goals. What can we do for you? We're experts in the following fields:
 
  • Industrial
  • Office
  • Apartment
  • Retail
  • Residential
First American Bank & Trust will expertly walk you through the steps of financing the purchase, expansion or renovation of retail, office, industrial and multi-unit properties. An owner-occupied commercial mortgage from us features:
 
  • Competitive, fixed or adjustable rates
  • Up to 20-year amortization
  • Local decision making
  • Flexible loan-to-value ratios
The real estate lending specialists with First American Bank & Trust offer solid solutions if you're planning on the purchase and development of land for commercial or residential use. We will structure a financing plan with competitive rates and flexible terms, and we'll get it all done on time and within your budget. 
 
Whether it's one vehicle, a whole fleet or major upgrades to your business equipment, First American Bank & Trust can secure a deal that won't drain your capital or credit lines. We'll streamline the paperwork and tailor your loan or lease to fit your specific needs.
 
  • Extended terms
  • Fixed or variable rates
  • Applicable fees can be rolled into the loan
First American's letters of credit protect your interests and provide the assurance your business partners require. We can issue standby letters of credit depending on need.
 
  • Saves cash for working capital
  • First American guarantees funds to third party
  • Credit issued as a backup; not intended to be drawn upon
  • Establishes credit with third party
If your business is in need of financing for accounts receivable, inventory or new business acquisitions, a working capital line of credit from First American may be the right solution.
 
  • Customized and flexible credit structures
  • Revolving lines of credit - your business borrows and repays for the life of the loan up to the amount that we commit
  • Non-revolving lines of credit - First American Bank lends you a lump sum or an amount disbursed over a period of time. Each time repayment is made, your credit availability is reduced by the amount borrowed.
A land carry loan from First American Bank & Trust provides funding to finance the acquisition or carrying of vacant land, whether improved or raw.
 
  • Competitive, fixed or adjustable rates
  • Local decision making
Traditional bank loans may not be right for your business. First American will sit down with you and discuss other options and solutions based on the current climate, recent trends and your current business plan.
We put a high priority on small business lending. After all, it's small businesses that fuel the economy and create most jobs. We offer 504 to small businesses through the Small Business Administration (SBA), enabling companies to launch, improve and grow.
 
  • Fast approval process
  • An excellent choice for new, rapidly growing businesses and those in need of refinancing
Learn more about our Paycheck Protection Loans.