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Loans

Business Loans | Personal Loans | What to Bring when Applying

Business Loans

TERM LOANS

Finance office equipment, manufacturing equipment, computers, vehicles, and more

COMMERCIAL REAL ESTATE

Purchase additional property, renovate current facilities, and commercial construction

LETTERS OF CREDIT

Commonly required by suppliers, vendors, and governmental agencies to guarantee performance of payment

WORKING CAPITAL LINES OF CREDIT

A flexible credit tool, often used to meet short-term credit needs

SMALL BUSINESS ADMINISTRATION LOANS

• Low-Documentation Loans
• 7(A) Loans (inventory, equipment, real estate)
• 504 Capital Asset Loans (land, machinery, buildings)

Personal Loans

MORTGAGE LOANS

• Solutions for any situation
• Long-term fixed rates
• Construction loans
• First Time Home Buyer programs
• Low down payment plans
• Refinancing plans available

HOME EQUITY LOANS AND LINES OF CREDIT

• The smartest loan for homeowners
• Loans made for any purpose
• Revolving credit-easy access
• May be tax deductible

VEHICLE & BOAT LOANS

• Fast service
• Flexible rates
• Financing for RVs, ATVs, motorcycles and more

PERSONAL LOANS

Whatever your need or dream, come see us. Our lenders have a wide array of loan options available, plus a desire to serve every customer to the best of our ability.

CREDIT CARDS

• Convenient options with one-on-one local servicing

What to Bring when Applying

To best help you when applying for a loan at Dairy State Bank, the following is a list of items that we recommend that you bring for your first meeting with a Dairy State Bank loan officer. This will ensure that we have the information that we need to analyze your loan request so that we may get a decision to you more quickly:

Consumer Loans:

For consumer loans, we ask that you bring the following:

• Latest pay stub
• Current listing of debts
• Personal tax returns for the past two years

Real Estate Loans:

To purchase or refinance, we ask that you bring the following:

• Offer to Purchase and Seller's Condition report signed by all parties (Purchases only)
• Previous years W-2's and current YTD pay stubs covering 30 days
• If self-employed, own income property, or receive commission pay, provide two years complete federal tax returns (self-employed will need a recent Profit and Loss Statement and Balance Sheet)
• Two years corporate and partnership returns including K-1's if you have more than 25% ownership

Additional items needed for refinance:

• Copy of most recent Property Tax Statement
• Evidence of Title (Abstract or Title Insurance)
• Proof of Homeowner's Insurance

Small Business, Commercial Real Estate and Commercial Loans:

• Personal tax returns for the past two years and financial statements
• Business tax returns for the past two years
• Business financial statement for the past two years including income statements and balance sheets

Your business plan including:

• Business history
• Description of your business organization
• Use of loan funds
• Sources of loan repayment
• Description of intended market and major products
• Anticipated competition
• At least one year's financial projections
• Resumes of owner(s) of the business