Loans

Loan Services

FSB lenders work hard to understand your operations, financials and needs so that we can tailor our loan options to fit your cash flow expectations.
Borrowers must qualify.

Personal Loans | Real Estate Loans | Agriculture Loans | Business Loans

PERSONAL LOANS

Contact our loan team today for a no-obligation consultation and see what working with us can do for your business and personal success!

  • Vehicle – Apply for new car loans, used car loans, or auto loan refinancing at First State Bank Shannon-Polo-Lake Carroll. We have competitive rates to help meet your needs.
  • Boats, ATVs, Recreational Vehicles – We are here to help you finance your boat, recreational vehicle, motorcycle, jet ski, ATV, snowmobile, and other types of vehicles. Just like our car loans, these loans feature competitive rates.
  • Personal Expenses – Secure the money you need today with a loan from First State Bank Shannon-Polo-Lake Carroll. Whether you’re looking to consolidate debt, finance a major purchase, cover unexpected expenses, or treat yourself to a much-needed vacation, we can help.
  • Checking Line of Credit – Give yourself the financial flexibility to have instant access to a secondary resource for convenience and cash.

APPLY ONLINE TODAY!

REAL ESTATE LOANS

  • Home PurchaseAre you in the market to buy a house? We make the home buying process fast and easy with plenty of loan options to fit your needs. Buying a home can be complicated, but it doesn’t need to be.
  • RefinanceThe loan team at First State Bank Shannon-Polo-Lake Carroll is here to help you decide if it is the right time for you to refinance your current loan. You can get cash back to remodel, consolidate debt, pay for college or simply lower your payment!
  • Home Equity
    • Second Mortgage
    • Line of Credit
  • Rental Homes Whether you already are a landlord and thinking of buying additional properties – OR – you’re ready to invest in rental properties, let us help. We have various options to get you started or to enhance your current property list!
  • Second/Vacation Homes – Are you longing for a place of your own to escape to on weekends or during your vacation? Our loan officers are experts at helping you purchase a second home – giving you security, as well as some fun!
  • ConstructionBuilding a new home? Get all of your home construction loan options
    and information – under one convenient roof at First State Bank Shannon-Polo-Lake Carroll.

Buying a home? Contact one of our experienced mortgage lenders today!!
Stop in or apply online with the loan officer of your choice!
Kaylene Plog (Polo Office)
Justin Schubert (Shannon Office)
Jeff Norton (Lake Carroll Office)
Dustin Finkle (Polo Office)
Member FDIC and Equal Housing Lender

APPLY ONLINE TODAY!

AGRICULTURE LOANS

Our wide range of agricultural loans are designed to meet your unique needs at any stage of your farming operation. Agricultural financing is a specialty of First State Bank (FSB). We make a variety of loans that are tailored to the life and business of farming, as well as to agri-businesses which serve them.

  • Agriculture Real Estate LoansWhether you’re financing a new land purchase, refinancing a current mortgage or land contract, or making farm improvements, FSB has been making competitively priced farm real estate loans for many years and can assist you every step of the way.Terms & Rates
    We offer both fixed and variable rates with amortizations up to 30 years.

    • Fixed rates can provide great stability and a predictable payment schedule
    • Variable rates change with market conditions however, they typically provide a lower rate which results in interest savings over the life of a loan
    • OR spread your risk according to your own level of comfort by placing part of your loan on a fixed and part on a variable rate, thereby maximizing your interest rate protection- Annual, semi-annual, quarterly, or monthly payment schedules
    • Fully or partially amortized loans- Farmer Mac, Farmer Mac II, Farm Service Agency Guarantees are available
    • Operating Line of Credit – The timing of input costs and expenses are different for every farm operation. Which is why we design your operating loan to fit the way you produce and market. Our revolving line of credit provides you with optimal cash management. You control the use of your funds, borrowing and repaying as often as you like. This enables you to manage your cash needs and minimize interest costs since interest only accrues as funds are used.Terms & RatesChoose from annual, semi-annual, or monthly payment schedules. We offer fixed rates providing you with maximum rate stability. Each year, your loan officer will work with you to evaluate your cash needs and provide smooth and easy renewal of your operating loan.
    • Facility LoansFSB offers facility financing with highly competitive rates, fast approval and convenient options. We provide financing expertise for your livestock facilities, equipment shops, machine sheds, grain storage and grain drying needs.
      Terms & Rates

      We offer a variety of unique rate and term options as well as payment flexibility.

      • Choose highly competitive fixed or variable rates to meet your financing needs
      • Annual, semi-annual, quarterly, or monthly payment schedules
      • Fully or partially amortized loans
      • Under most conditions: No prepayment penalties, allowing you to pay off your loan early to save interest expense!

 

  • Equipment LoansOur loans give you more than just a competitive interest rate. You’ll also get options tailored to the needs of your operation. Plus, you’ll enjoy convenient payment plans matched to your seasonal cash flow. Whether purchasing new or replacing outdated equipment, refinancing after a manufacturer’s introductory rate has expired, or investing in other assets to grow your operation, FSB can help with financing while preserving your working capital.Terms & Rates
    We offer a variety of fixed rate options as well as payment flexibility. Repayment schedules are tied to the useful life of the asset, allowing your business’s cash flow to support expansion needs.

    • Annual, semi-annual, quarterly, or monthly payment schedules- Fully or partially amortized loans
    • Under most conditions: no prepayment penalties, allowing you to pay off your loan early to save interest expense!
    • Conversion features are available. If your financial needs change, you can modify your loan with one of our experienced loan officers.

BUSINESS LOANS

Because we understand how vital economic development is to our area, First State Bank Shannon-Polo-Lake Carroll is ready to help capitalize your business dreams.No two businesses have the exact same financing needs and every business, from new venture to established company may have needs for commercial loans throughout start up and growth. Our lending team has the expertise and experience to guide you through the steps involved in selecting and utilizing loan options to your advantage. Plus, our ability to make decisions locally means access to the resources you need, when you need them.

    • Business Operating Lines of CreditRespond to changing cash flow needs with a business line of credit. A revolving line of credit provides working capital for a business which has sales growth greater than its working capital. In addition, a seasonal line of credit helps fund inventory and carry accounts receivable during business peaks. Your business will have the cash it needs, when it’s needed.
      Details

      • Flexible interest-only payment option
      • Fast approvals allow for quicker availability of proceeds
      • Worry-free banking with automatic payment deduction is available
      • Competitive rates and fees

 

    • Business Term LoansExpand your business or consolidate debt with our business term loans. This type of financing is perfect for upgrading equipment, acquisition of a business or debt restructuring. First State Bank’s experienced commercial lenders can help determine the right term loan for you.
      Details

      • Flexible terms available with competitive interest rates and fees
      • Fixed monthly payments help you manage your budget
      • Local decisions allow for fast approval and quicker availability of proceeds
      • Cover longer term business needs with affordable payments
      • Worry-free banking with automatic payment deduction is available
      • Under most conditions: no prepayment penalties, allowing you to pay off your loan early to save interest expense!

 

  • Commercial Real Estate LoansFinance the purchase, renovation or construction of your manufacturing facility, multi-family property, office or retail space with the First State Bank Shannon-Polo-Lake Carroll. We have expertise in all facets of commercial real estate.Terms & Rates
    We offer a variety of unique rate and term options as well as payment flexibility.

    • Choose highly competitive fixed or variable rates to meet your financing needs
    • Annual, semi-annual, quarterly, or monthly payment schedules
    • Fully or partially amortized loans
    • No prepayment penalties, allowing you to pay off your loan early to save interest expense!

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