Business Loans

Lending Businesses a Hand

At Security State Bank, our core values reflect a responsibility to promote and assist economic growth in our area. In other words, we’re here to help Hibbing and the surrounding Iron Range communities thrive.
To that end, we’ve developed a variety of financing options designed to help businesses, large and small, flourish. Our experienced staff will work with your business to find which business loans will best contribute to your success.
Because we are a local bank and make decisions locally, we have more flexibility than other financial institutions in the delivery of our business loans.

Financing Options:

Inventory and Equipment Loans

Keep your business well-stocked with a short-term inventory loan. Or purchase new or used equipment to get your business going and keep it moving forward.

Commercial Real Estate

We offer local, flexible lending options for new purchases, improvements, or refinancing your office, industrial, or other commercial real estate property.

Revolving Lines of Credit

Improve your business’ cash flow by financing short-term or unexpected business needs and take advantage of our flexible repayment terms.

Lease Lines of Credit

Get pre-approved for flexible financing that allows your business to lease equipment over time without the hassle of reapplying for each individual lease.

Letters of Credit

We can help when you need to back up an obligation to a vendor or service provider. Our letters of credit ensure your business partners get paid.

Small Business Administration (SBA) Loans

Work with one of our experienced bankers to buy, grow, or expand your business. We offer both 7(a) and 504 financing to qualified businesses.

Put the Power of Plastic to Work

Now you can enjoy the world’s most respected credit cards while dealing with the hometown folks you know and trust! Security State Bank offers Visa credit cards, and these accounts are issued and handled directly by us.

VISA Business Credit Card

hands on a desk with papers and a calculator

Grow Your Business

Our business bankers are ready to help with choosing the business loan that is right for you.

Contact Us

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