Commercial/Agriculture Loans

Contact Rich Lerew ,  Sylvan Erickson or Michael DeLong for any business or agricultural financing needs or questions.

please click on a loan type to view details

SBA Loans

The SBA 7(a) loan is the most commonly used SBA business loan guarantee program. The 7(a) guarantee program can be used for equipment financing, permanent working capital, acquisitions, expansions, and eligible debt refinances.

The SBA 504 loan program offers long-term fixed rate options for the financing of major fixed assets such as land, buildings, leasehold improvements, fixtures, and equipment. First Bank of Baldwin works with local community development companies (CDC’s) to ensure an effective and efficient process. The typical structure of a 504 loan package includes a first mortgage for 50% of the project, an SBA second mortgage for 40% of the project, with as little as 10% down required from your business.

A form of the 7(a) program, SBA Express loans provide funding for working capital and inventory. This program is designed to be a streamlined process with reduced documentation. This program is ideal for revolving line of credit needs. The program allows for loans up to $350,000 with terms up to seven years.

Letters of Credit

Letters of Credit are often needed to facilitate payments between vendors and suppliers and customers. When your business needs to provide support for payments to vendors and other providers, First Bank of Baldwin offers commercial and standby letters of credit to help facilitate these transactions.

Real Estate Financing

Whether your company plans to purchase new land and buildings, complete leasehold improvements, construct new facilities, or refinance existing debt, First Bank of Baldwin can work with you to customize a real estate loan program.

Term Loans

Every business has its own timetable and capital requirements to take advantage of opportunities that enable growth. Whether you’re looking to purchase long-term assets or expand your company through acquisition activities, our team of lending professionals has the expertise to understand your business and how best to provide access to the funds your company needs for success.

Working Capital Loans

Whether you’re running an emerging growth company, a seasonal business, or simply need help smoothing out your cash flow cycles, you can look to First Bank of Baldwin for access to the funds you need, with a working capital loan.

Contact Michael DeLong today for any agriculture loan needs or questions.

Working Capital Loans

Working capital loans are typically used to purchase crop inputs, feeder livestock, or feed. Allows you to borrow, repay, and re-borrow funds throughout the term of the loan. Credit lines are available to compliment your cash flow needs. They offer flexible repayment terms with payments made monthly, quarterly or annually to correspond with the timing of your cash flow.

Personal Property Loans

Personal property loans are used to purchase breeding livestock and machinery. They offer easy-to-budget fixed payments, with amortizations up to 7 years.

Farm Real Estate Loans

Farm real estate loans are used to purchase land or buildings. They can also be used for building construction and renovation projects. Typical amortizations are up to 20 years.

Farm Service Agency (FSA) Guaranteed Loans

As an FSA Certified Lender (CLP) First Bank of Baldwin works extensively with the FSA guaranteed loan programs. These loans are used by farmers who do not qualify for conventional financing. The money is borrowed from the bank. Our qualified lending personnel complete all loan documentation. FSA guarantees up to 90% of any losses on the loan to the bank. Lines of credit, personal property loans, and real estate loans are eligible.

Wisconsin Housing and Economic Development Authority (WHEDA) Loans

WHEDA CROP loans provide up to 80% guaranteed loan amounts of greater than $50,000 for expenses for farmers who do not qualify for conventional financing. WHEDA FARM is a guaranteed loan program for producers who wish to expand or modernize an existing operation.