Loans

The Resources you need to Grow

Highland Bank has the expertise, experience, and financial resources to help grow your business plus a creative Banking Team who understands your business’ needs.

Whether you’re expanding your facilities, purchasing new equipment or need working capital to jumpstart profitable growth, our experienced bankers will provide customized financial solutions to meet your goals and objectives.

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Business Loan Options

Lines of Credit

A working capital line of credit is a fast, convenient, and affordable way to access the short-term funds your business needs.

A working capital line of credit is a fast, convenient, and affordable way to access the short-term funds your business needs. Lines of credit are used primarily to:

  • Purchase inventory
  • Fund short-term operating expenses pending collection of accounts receivable
  • Take advantage of other unexpected opportunities that arise

You can access your line of credit, through a call to your banker or an online transfer to your checking account. You pay interest only on the funds you borrow.

Equipment Financing

Term loans can provide you with the long term financing your business needs for equipment acquisitions, vehicle purchases, and other capital expenditures.

Term loans can provide you with the long term financing your business needs for:

  • Equipment acquisitions
  • Vehicle purchases
  • Other capital expenditures

Terms range from three to five years, with both variable and fixed-rate pricing options, and loans are generally secured by the assets being purchased and/or other fixed assets.

Commercial Real Estate Loans

Purchasing a building for your business is one of the most important decisions you'll make as a business owner.

Purchasing a building for your business is one of the most important decisions you’ll make as a business owner.

Highland Bank provides both conventional and SBA 504 options for commercial real estate financing (some with options that include a down payment as low as 10%), and we will work closely with you to make sure the process goes smoothly.

SBA Loans

Highland Bank, an SBA Preferred Lender, has built a reputation as a leading provider of U.S. Small Business Administration (SBA) loans.

Highland Bank, an SBA Preferred Lender, has built a reputation as a leading provider of U.S. Small Business Administration (SBA) loans. In 2016, the bank was awarded SPEDCO’s “Bank of the Year” for approving and closing more SBA 504 loans with SPEDCO than any other MN financial institution.

  • As a Preferred SBA Lender, we are allowed to approve in-house SBA loan requests. This means a quick turnaround on your loan requests once we have all necessary financial information.
  • As a Preferred SBA Lender, we are dedicated to serving the small to mid-size business community. Our expertise provides a wide range of tools for serving all your needs.

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