Lines of Credit
Lines of credit are used to support you through the ups and downs of your business cycle while giving you the flexibility to take advantage of business opportunities as they arise. It is a cost-effective way to borrow, repay and borrow again since you only pay for what you use.
For more information please contact our Commercial Department at (815) 942-0130.
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Equipment Loans
Whether you need to enhance your technology needs, expand your product line or increase efficiency our equipment loans are designed to provide you and your company with financing alternatives. We will design a loan that will help meet your business objectives with a tailored repayment plan for your cash flow stream.
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Commercial Real Estate Loans
We can help you purchase, obtain, improve or refinance your real estate property. We can provide fixed financing or lines of credit for any of your real estate projects.
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Accounts Receivable Lending
Grundy Bank has partnered with ProfitStars® to bring you the Business Manager program. This effective program allows the bank to assist you in managing and processing your accounts receivables and helps small businesses who struggle with cash flow growth.
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Agricultural Loans
Whether you need to enhance your technology needs, expand your product line or increase efficiency our equipment loans are designed to provide you and your company with financing alternatives. We will design a loan that will help meet your business objectives with a tailored repayment plan for your cash flow stream.
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IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT
Effective May 11, 2018, new rules under the Bank Secrecy Act will require financial institutions to identify and verify business owners before a new account can be established. This new rule aids the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.
EACH time an account is opened for a Legal Entity which includes a corporation, LLC, partnership or another entity created by filing of a public document with a Secretary of State or similar office, we are required to ask you for identifying information. Identification information includes name, address, date of birth, social security number and we will ask for the identification documents for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
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