Commercial Loans Border State Bank

Commercial Loans & Lines of Credit

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 

For more information contact one of our Business Officers.

Our Business Team


Christine Modahl: 218-528-4254


Brent Olson: 218-634-4200

Derek Olson: 218-634-3300


Erik Hegg: 763-780-6611

Holly Christenson: 763-780-6626


Amy Frosaker: 701-526-1128

Jordan Cook: 701-526-1130

Kory Shae: 701-526-1131


Dale Stauffenecker: 218-782-2151


Derek Olson: 218-283-5808


Josh Smith: 218-222-3511


Tim Loven: 218-463-3500

Victoria Norling: 218-463-0791


Brian Bertilrud: 218-683-3014

Tony McLean: 218-683-3019

Commercial Cash Management

Commercial Cash Management

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