At Midwest Bank of Western Illinois we are dedicated to helping you turn your business plans into reality. We work closely with you to learn your company’s dynamics, positioning and goals to gain understanding of the financial factors that drive your business. We develop customized financial solutions matched with our wide variety of business credit services to meet individual business needs. Whether you compete locally, regionally, nationally or globally, our experienced loan officers can help with financing inventories, receivables, commercial real estate or equipment.
Midwest Bank of Western Illinois’ lending officers and board of directors know our communities. Loan decisions are made at our local offices. When you have a question or problem, call us. We’re here to help. If we can help your business, we help you, we help your employees and we help our communities. Midwest Bank…..Investing in You!
Working Capital Loans
Short Term working capital loans provide you with constant source of working capital. We offer your business flexible short-term loans and lines of credit with maturities of up to one (1) year. Secured and unsecured loans are available with a variety of terms and structures to support your current assets and cash flow needs.
Revolving Lines of Credit
This financing option is available for businesses that have an ongoing need for credit. Your credit line is committed by the bank and revolves throughout the year, allowing you to borrow only when needed and repay part or all of the balance to manage your available credit.
To assist in meeting the equipment needs of your business, we can arrange equipment financing with favorable terms to conserve cash, with payments to fit your cash flow requirements.
Term loans provide the necessary resources to enhance your competitive position without depleting working capital. Should you require financing for an acquisition or investment in your office, plant, machinery or equipment, long-term loans are flexible and can be amortized through monthly or quarterly payments.
Real Estate Loans
Whether you need funds for a renovation project or new construction, Midwest Bank of Western Illinois can offer a wide variety of loan options.
Midwest Bank of Western Illinois also participates in a variety of special loan programs designed to help your business, including Small Business Administration (SBA) Loans, Rural Development Authority Loans, Tax-Exempt financing and Letters of Credit to support purchases or construction bids and projects.
Contact your Business Banking Lenders
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|Lance Oetting, VP and Knox Co. Market President (309) 341-2274
|Brad Ray, VP Lending, (309) 457-6232
|Matt Gillen, Senior VP Lending, (309) 457-6221
|Rex Johnson, VP and Mercer Co. Market President, (309) 582-5365
|Derrick Johnston, AVP Commercial and Ag Lending, (309) 457-6240
|Rick Lasek, VP Quad City Market, (309) 373-4222
Business Resource Center
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