American Bank offers you prompt and personal attention for your business financing requests. We offer an innovative approach to financial solutions and a quick and efficient loan approval process. From working capital lines of credit, business term loans for equipment and acquisitions to letters of credit - we have the staff and experience to help you.

• Working Capital Lines
• Business Term Loans
• Letters of Credit
• Real Estate Construction & Land Development
• SBA Loans
  • 7 (a) Loan Guarantee Program
  • 504 Certified Development Company Loan Program

Working Capital Lines

Working Capital Lines are generally used to meet the short-term seasonal cash needs of your business. You borrow only what you need, when you need it, keeping interest expenses to a minimum.

Business Term Loans

Term loans are the most convenient way to borrow on a long-term basis for equipment, facilities and real estate for your business.

Letters of Credit

Letters of Credit provide American Bank's guarantee of payments. This is a valuable tool as a business seeks to expand relationship with creditors.

Real Estate Construction & Land Development

American Bank's real estate lenders combine years of experience and creativity when financing your construction and land development needs. We provide both construction and long term financing for your residential and commercial property.

Small Business Administration (SBA) Loans

American Bank is one of the most attractive SBA lenders in the Northeastern Minnesota area. SBA loans provide attractive interest rates, longer repayment terms, and lower down payments for established businesses. A variety of SBA loans are available. The types of companies, uses for the loaned funds and amounts borrowed are diverse and flexible.

7 (a) Loan Guarantee Program

The 7 (a) Loan Guaranty Program is one of SBA's primary lending programs. It provides small businesses financing up to $2 million with longer repayment terms. Repayment ability from the cash flow of the business is a primary consideration in the SBA loan decision process, but management quality, collateral, and owner's equity contribution are also important considerations.

504 Certified Development Company Loan Program

The 504 Loan Program provides long-term, fixed rate financing for major capital expenditures. This program is typically used to fund projects such as land and building acquisition or improvements.