Bank of Advance offers a large variety of competitively priced loan products that are flexible in structure to meet the financial needs and goals of each and every customer. Whether you are looking for a loan to purchase your dream home, start your small business, or an operating loan for your farm operation, we are confident that we have a product just for you.
Consumer Loans
Vehicle Loans - We offer purchase and refinance loans on all types of titled vehicles, including autos, ATVs, boats, trailers, campers, and RVs. Terms are flexible and can be customized based on the needs of the customer.
Personal Loans - Personal loans can be secured or unsecured and may be used for a variety of purposes such as paying off medical bills, debt consolidation, car repairs, college tuition, purchasing a new lawn mower, or taking that long overdue vacation. Collateral can be vehicles, certificates of deposit or other personal property.
To apply for a Vehicle or Personal Loan, complete our Consumer Loan Application and contact or visit the loan office nearest you.
Real Estate Loans - Loans to purchase, refinance, and construct homes are all available at the Bank of Advance. The flexibility and variety of our real estate products allows us to design your real estate loan custom fit for your needs. Home improvement loans are also offered. To learn more about our line of real estate products, please contact or visit one of our locations.
To apply for a Consumer Real Estate Loan, please contact or visit the loan office nearest you.
Commercial Loans
Local businesses are a vital part of the communities we serve. The goods, services, and jobs these businesses produce are crucial to rural America. At the Bank of Advance, we take pride in having the ability to provide the necessary financing to help these businesses and communities thrive and prosper. We have the capability of serving all businesses and not-for-profit organizations, both large and small. Short term and long term financing opportunities are available with numerous interest rate options. The following commercial products are among those available and can be structured to meet your needs:
- Lines of Credit - Revolving & Non-Revolving
- Letters of Credit
- Real Estate - Purchase, Refinance, & Construction
- Equipment, Inventory, & Receivables
- Capital - Startup & Injection
If you are interested in applying for a commercial loan and would like to jump start the loan application process, you may proceed by gathering the items below that are applicable to your application. Once you collect the necessary documentation, please call or drop by your nearest Bank of Advance loan office to discuss your application with an experienced commercial loan officer. If you have any questions while completing your application, please don't hesitate to contact us.
- Current personal financial statement on all borrowers and guarantors. Preferably less than 3 months old.
- Most recent 3 years tax returns. Both personal as well as business if already existing.
- Business plan which should include the following:
- Brief narrative of history and nature of business
- Purpose of loan
- Itemization of use of loan proceeds
- Listing of proposed collateral along with corresponding values (appraisal, purchase price, etc.)
- 3 year income and expense projections along with any contributing factors and information used in determining projections
- If business is a corporation, submit a list of all officers and stockholders (social security # and address of each), along with the articles of incorporation.
- If business is an L.L.C., complete a list of all members and managers (social security # and address of each), and also submit the articles of organization and operating agreement.
- Any other information that might be helpful in reaching a loan decision.
If you have any questions regarding our available commercial loan products, contact or visit the loan office nearest you.
Agriculture Loans
Bank of Advance offers an extensive assortment of products for ag customers. Flexible and convenient repayment terms can be set up to best fit the needs of your operation. A variety of interest rate options and terms are available depending on the collateral. The following products are among those available for ag customers:
- Lines of Credit - Revolving & Non-Revolving
- Real Estate - Purchase, Refinance, & Construction
- Equipment
- Crop Production
- Livestock
- Beginning Farmer Real Estate Loans
If you have any questions regarding our available agriculture loan products or if you would like to apply for an Agriculture Loan, contact or visit the loan office nearest you.
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