Business Loans

Running a business is not easy but banking at Hills Bank is. Our goal is to provide hassle-free banking while taking a sincere interest in helping you, your family and helping your business be successful. Our team of business lending experts has the knowledge and experience to find the right loan options for your business needs.

As a local community bank, Hills Bank will provide:

  • Local decision making
  • Competitive rates
  • Convenient hours
  • No application fees
  • Quick approval time

Quickly Access Capital for your Business

  • Start Up/Business Acquisition
  • Equipment Loans                                                                        
  • Operating Loans
  • Line of Credit
    • Purchase additional inventory, finance company growth, cover unexpected expenses or simply meet seasonal, fluctuating cash needs with a Hills Bank business line of credit.

Professional Solutions

  • Customized banking products are designed to "make a difference" to the professional community.
  • Deposit solutions are provided through cash management products
  • Money management needs
  • Competitive financing solutions
  • Asset protection solutions for retirement, wealth management and insurance

Commercial Construction and Real Estate Development

  • Hills Bank has been supporting local home builders and real estate developers since 1904. We offer loans to meet the needs of your various construction and real estate development projects with one on one service you can depend on.
  • No monthly interest payments are required during the construction period.
  • No charge for construction draws. Draws are processed and deposited directly to your Hills Bank checking account within 24 hours of receipt with immediate availability. 
  • Speedy approval for presold projects under $300,000.
  • Our specialized Construction Loan Department will be your contact to promptly process loan draws, payoffs and partial releases.

Agriculture Financing

  • Hills Bank offers a variety of customized agriculture banking products and services to meet the specific needs of your farming operation. Whether you are looking to purchase the farm from your grandparents or you need to replace your old tractor, together we can find a hassle-free solution for you to succeed.
    • Farm Real Estate Loans
    • Farm Operating and Equipment Loans

Business Credit Cards                                      

  • Hills Bank proudly offers VISAone® credit cards designed especially for business and commercial customers in need of purchasing, fleet, or commercial credit cards. You can even make your credit card Picture Perfect by designing it with a company logo, employee head shot, or pick from one from our Picture Perfect Catalog.

Appointment Preparation

To prepare for your appointment with a Business Banker, here are a few things to bring:

Existing Business

  • Last 3 years of fiscal year-end balance sheets
  • Last 3 years of income statements
  • Interim balance sheets and income statements
  • Signed personal financial statement
  • Last 2 years of federal tax returns on the business and individuals

Business Acquisition

  • Last 3 years of fiscal year-end balance sheets
  • Last 3 years of income statements
  • Interim balance sheets and income statements
  • Signed personal financial statement
  • Last 2 years of federal tax returns on the business and individuals
  • Signed purchase agreement
  • Projections for at least one year – cash flow, balance sheet, and income statement

Start-Up Business

  • Detailed business plan
  • Signed personal financial statement
  • Last 2 years of federal tax returns on individual
  • Projections for at least two years – cash flow, balance sheet, and income statement

All Requests

  • If a corporation – Articles of Incorporation
  • If a partnership – Partnership Agreement
  • If a LLC – Articles of Organization
  • Use of Proceeds

Resources

  • Small Business Administration
    • Designated a Preferred Lender by the SBA, Hills Bank can research the best SBA option available your business’s needs. The United States Small Business Administration (SBA) was created by the federal government to strengthen the nation's economy by providing aid, counsel, and assistance to small businesses.
  • Linked Investments for Tomorrow (LIFT)
    • Hills Bank is a registered lender for Linked Investments for Tomorrow (LIFT). The LIFT program, funded through the Iowa State Treasurer, provides financial resources to Iowa’s small businesses by offering low-interest loan rates.

Contact us to see how Hills Bank’s expert advisors can help your company design a tailored loan solution that helps you meet your business goals. For more information, contact a Business Banking Officer at 1-800-445-5725 (1-800-HILLSBK).