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4 Tips That Can Help You Get a Commercial Loan

If you’re looking for a commercial or business loan for your small business, you’ve come to the right place. Here are four of our best tips that can help you get a commercial loan.

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First Independent Bank and United Southwest Bank Announce Merger

 

First Independent Bank, Russell MN, and United Southwest Bank, Cottonwood MN announced the signing of an agreement to merge. Completion of the transaction, which is currently expected to occur by the end of 2021, is contingent upon regulatory approval.

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Swine Farm Loans and Pig Farm Financing at First Independent Bank

We’re here to help you grow your livestock operation!

As a livestock farmer, you have dreams and plans for your operation. You have the know-how to get the job done. What you might need is a partner for financing your growth and expansion.
At First Independent Bank, our experienced agricultural lending team works hand-in-hand with you to understand your goals and develop a customized financing program that meets your unique needs.

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Five Key Steps to Take Before Getting a Business Loan

As a small business owner, you probably have big plans. Sometimes a capital injection is helpful, though, when it comes to starting or expanding your small business. A business loan can help. Here are five key steps to take before getting a business loan.

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4 Bad Financial Decisions That Can Hurt Your Small Business

Managing finances can be a challenge for small business owners. You might be an expert in making your product or providing a service, but managing your business finances is a significant part of small business success.  So, if you don't have a lot of experience with managing business finances, it can feel overwhelming and easy to slip into bad financial decisions that could harm your business.

Here are four financial decisions you will want to avoid.

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Dreaming of Recreational or Hunting Property?

Have you dreamed of owning recreational or hunting property?

Many people buy recreational land to enjoy hunting, camping, fishing, hiking, or ATV-riding on the privacy of their own property. Owning recreational land can give you a unique opportunity to escape the pace of daily living and provide you with a chance to enjoy the many benefits of being out in nature. 

Others buy recreational land as an investment. Unlike other investments, land offers the additional benefit of using and enjoying it while you own it. Can you camp on a stock certificate or roast marshmallows on your mutual fund? We don’t think so!

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Two Questions to Ask When Considering a Business Expansion Loan

Expanding your small business can help ensure you stay competitive and in business. Recent research found that 82 percent of small businesses fail due to lack of capital (cash flow), and 55 percent of small business owners cite cash flow as the number one challenge to growing their businesses.

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3 Terrific Last-Minute Family Vacation Ideas On a Budget

Summer is almost here and many people are ready to get out and enjoy a relaxing summer vacation this year. If you haven’t planned a trip yet, we’ve got some last-minute family vacation ideas that can fit many budgets.

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Convenient Business Services for Every Business Owner

At First Independent Bank, we focus on providing the very best tools and resources to our members. Whether you're exploring options or expanding your business operations, our suite of business loans, financial services, and professional expertise can help your small business reach its goals. 

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Three Fun Things You Can Do with a Recreational Loan

If you’re ready to plan your next adventure, we’d like to help! At First Independent Bank, we have helped countless people enjoy their leisure time by providing recreational loans. Our recreational loans are designed to help you and your family get the most of your time off without “breaking the bank.”

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Mortgages Made Simple

Our new online mortgage application makes buying and refinancing even easier.

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We’re proud to feature our 2021 calendar contest winners.

Linda Flanagan, 1st Place Winner, February

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