Commercial Loans Border State Bank

Commercial Loans & Lines of Credit


We know your business, like it’s our own. We are dedicated to serving our customers, employees and the communities we call home. We’re happy to share our expertise and financial resources with you and your business. For more information on what we can offer check out the drop down menu below or contact one of our Business Officers today.

 

Our Business Experts


 

Christine Modahl

BADGER
Christine Modahl

218-528-3255

 

Email Christine

Brent Olson

BAUDETTE
Brent Olson

218-634-4200

 

Email Brent

Derek Olson

BAUDETTE
Derek Olson

218-634-3300

 

Email Derek

Holly Christenson

COON RAPIDS
Holly Christenson

763-780-6626

 

Email Holly

Erik Hegg

COON RAPIDS
Erik Hegg

763-780-6611

 

Email Erik

Amy Frosaker

FARGO
Amy Frosaker

701-526-1128

 

Email Amy

Jordan Cook

FARGO
Jordan Cook

701-526-1130

 

Email Jordan

Kory Shae

FARGO
Kory Shae

701-526-1131

 

Email Kory

Dale Stauffenecker

GREENBUSH
Dale Stauffenecker

218-782-2151

 

Email Dale

Josh Smith

MIDDLE RIVER
Josh Smith

218-222-3511

 

Email Josh

Andrew Faken

ROSEAU
Andrew Faken

218-463-0791

 

Email Andrew

Tim Loven

ROSEAU
Tim Loven

218-463-3500

 

Email Tim

Other Business Resources

Commercial Cash Management

Commercial Cash Management

Use these great services to put your money to work faster!

View Services

Brian Bertilrud

THIEF RIVER FALLS
Brian Bertilrud

218-683-3014

 

Email Brian

Tony McLean

THIEF RIVER FALLS
Tony McLean

218-683-3019

 

Email Tony

Commercial Lines of Credit

If your business needs an adjustable credit limit to help with seasonal fluctuations, a line of credit may be what you need. Our Line of Credit can help your business operate smoothly ensuring funds are readily available whenever you need them.

Term Loans

If your company is looking to fund equipment purchases, expansions, ownership changes or for financing permanent working capitol, we offer fixed and variable rate loans with a range of terms to fit your business needs.

Commercial Real Estate and Construction Loans

Whether you are financing, expanding, relocating or initially buying business real property, our wide range of commercial real estate loan options are available for:

  • Acquisition and development
  • Single family and multi-family development
  • Interim construction loans
  • Construction loans with long term financing
  • Purchase loans for commercial buildings
  • Refinancing of commercial buildings
Small Business Administration Loans & Lines of Credit

"As a certified SBA lender, Border Bank has the experience you need to guide you through the application process. SBA Loans are a wonderful financing option for business that might not otherwise qualify for traditional commercial loans. SBA loans offer flexible terms and competitive rates, plus they're partially guaranteed by the U.S. Small Business Administration."

  • SBA 7a & SBA Express Loan

Offers term loans and lines of credit.
SBA Loans up to 5 million.
SBA Veterans Advantage.

  • SBA 504 Loan Program

Provides long-term, fixed-rated financing for major assets such as owner-occupied land, buildings, machinery or capital equipment. Offers financing on total projects up to $5 million (combination of bank, SBA and borrower funds)
Low fixed-rate loans with terms up to 20 years

Other Partner Agencies

Border Bank works with a number of agencies to create workable financing packages for small businesses such as:

  • Northwest Minnesota Foundation 
  • Headwaters Regional Development Commission 
  • The Small Business Development Center 
  • Minnesota Business Finance 
Invictus Brewing | Previn Solberg

Invictus Brewing Co.

Blaine, Minn. | Previn Solberg, Owner


Cyrus Resort | Justin Ferguson

Cyrus Resort

Baudette, Minn. | Justin & Tanya Ferguson, Owners


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