Green Belt Bank & Trust is committed to supporting commercial & industrial business in Iowa Falls, Ackley and the surrounding area. Whether starting a new business, expanding current operations, or looking to refinance existing loans, Green Belt Bank & Trust can provide many different options specifically tailored to your needs. Advantages of looking to Green Belt Bank & Trust for your financing needs include:
- Financial expertise from caring, local people you can trust
- Loans can be made for any valid purpose, such as operating lines of credit or term loans for equipment, real estate and vehicles.
- Flexible terms and repayment plans structured to your business’ cycle or cash flow.
- Operating Lines of Credit – A revolving line of credit designed specifically for businesses, ideal for short term working capital needs, seasonal purchases and inventory needs. You can access your line of credit via your computer, through a cash management arrangement, or by contacting your loan officer. The line may also be used for overdraft protection on your Green Belt Bank & Trust business checking account. Interest rates are variable based on Wall Street Journal prime rate or Green Belt Bank & Trust Base Rate plus a determined spread upon approval.
- Term Loans – When a lump sum is needed for equipment or vehicle financing, business expansion, long term working capital, or to refinance business debts. Repayment is generally on a monthly basis over a term of 2-7 years, and can be structured to match your business cash flow. Interest rates are usually fixed over the term of the loan, determined upon approval.
- Commercial Real Estate – Whether purchasing a commercial building for your business or looking at investing in real property, GBBT can structure financing to your needs. Typical commercial real estate loans are based on a 10-15 year term with monthly payments of principal & interest. Interest rates can be fixed for a period of up to 5 years, then variable annually based on U.S. Treasury rates plus a determined spread.
- Letters of Credit – Occasionally a vendor for your business may require a letter of credit to guarantee payment or create a security deposit for things such as utilities. A letter of credit can be used to conserve cash ordinarily used for security deposits or to facilitate international business transactions. The letter of credit is not actually a loan, and is subject to fee based pricing. If the letter of credit is actually funded, the amount is then payable on demand, or conversion to a term loan may be possible.
- Visa® Business/Visa® Business Travel Card – Running a successful business means you’ll often need capital available to replace inventory, carry accounts receivable, purchase supplies, or for any number of reasons. A Visa Business Card gives you an edge. The more you use it, the more you’ll benefit – with streamlined accounting, solid purchase protection and no annual membership fee with one purchase per year. Or choose the Visa Business Travel Card, and earn free trips that truly make business a pleasure. Stop by any Green Belt Bank & Trust office to get details on the many benefits offered.
- Business Manager Program – Business Manager is a complete system that allows you to get cash for your receivables on a daily basis by selling them to the bank at discount. This program essentially puts you on an all-cash basis with your customers, enabling you to pursue new business opportunities, take early payment discounts from suppliers, make payroll, reduce lines of credit, and offer financing to customers.
We are providing a printable credit application for your convenience. Feel free to print and fill it out in the comfort of your home if you like. We want to help you save time and be prepared when you enter the bank to do business with us. You will need to have Adobe Acrobat to view our applications. We have provided a link below that will take you directly to our application if you have the Adobe Acrobat program and another link that will take you to the Adobe website where you can download the program that will allow you to view our online applications.
Agriculture is the economic backbone for North Central Iowa. Green Belt Bank & Trust is committed to strengthening that pillar through assisting agricultural producers in making sound financial decisions to operate and grow their farming operation. We are proud to have assisted many producers in profitably expanding and growing their business over the years and look forward to assisting you in making the sound decisions required for being competitive in today’s fast changing agricultural world! All loan decisions are made in-house.
Through our conventional loans and participation in state and federal programs,
Green Belt Bank & Trust can provide the expertise you need to properly finance, structure, and grow your farm finances. We offer the following types of loans to fulfill the above objectives:
- Operating Loans and Lines of Credit – We offer farm-operating loans to finance annual farm input expenses. We will assist in preparing a cash flow that will provide a road map to guide you through the year and determine the amount of financing needed before the crops and livestock are sold. Typically these loans would be up to one year in length and involve a revolving line of credit that allows borrowers to use funds as they are needed and repay the advanced funds when cash is generated. Borrowers only pay interest on funds they have advanced but have access to funds within their operating line of credit.
- Machinery and Equipment Loan – When new or used equipment is purchased for your farming operation, we have flexible financing available. Loans can be fixed rate or variable rate for a period of up to five years. Typically, your trade in will provide the down payment. Payments will be matched to your earnings and cash flow expectations.
- Agricultural Real Estate Financing – Green Belt Bank offers loans for purchasing and refinancing farmland or utilizing the equity you have invested in farmland for other purposes. Typically the loans are structured to be serviced by actual production from the land and overall cash flow. Loans are structures for up to 25 years. Most loans are fixed for 3-5 years followed by a variable rate period with interest rate rise and fall limits with both fixed and variable rate options being offered.
- Young Farmer Loans are available in cooperation with the Iowa Ag Development Authority to assist young operators who do not own substantial farmland and have a net worth under $300,000.00.
- Specialized Livestock Facilities – There are many specialized livestock facilities that can utilize excess labor, produce a monthly income and provide fertilizer for today’s modern farming operation. Loans are available to finance these facilities based on an amortization of 8-15 years utilizing variable rate loan terms. The loan terms are matched to the income produced by the facility and overall cash flow.
- Deposit Accounts – Green Belt Bank provides deposit products that assist you with your farming operation and personal banking needs. A variety of checking accounts, money market accounts and sweep accounts are offered. ATM cards are available to provide for your instant cash needs.
- Business Planning – Green Belt Bank & Trust staff works closely with farm borrowers to utilize balance sheets, tax returns, income statements and projected cash flow. These tools serve as aids in evaluating a farm business and creating a trend analysis. This information is also utilized to assure that agricultural loans are structured properly.
- Internet Banking – Agricultural Producers have found our internet banking service to be very convenient for them in accessing their accounts 24 hours a day, 7 days a week.
We are providing a printable credit application for your convenience. Feel free to print and fill it out in the comfort of your home if you like. We want to help you save time and be prepared when you enter the bank to do business with us. You will need to have Adobe Acrobat to view our applications. We have provided a link below that will take you directly to our application if you have the Adobe Acrobat program and another link that will take you to the Adobe website where you can download the program that will allow you to view our online applications.
|
