Small Business. Big Potential.
Whether you're a seasoned business owner looking to expand or an entrepreneur with a big idea, our flexible loan options are tailored to meet your unique needs.
Small Business. Big Potential.
Whether you're a seasoned business owner looking to expand or an entrepreneur with a big idea, our flexible loan options are tailored to meet your unique needs.
Your Aspirations. Our Solutions
Is Your Business Eligible?
- Maximum $25,000 loan amount
- Minimum 10% owner equity in the project (20% for business start-up)
- Store-front business location (not home-based)
- Maximum term 60 months
- Personal guaranty required
- Minimum credit score 660* with no slow pays or collections in last 12 months
- Revenues less than $300,000
- Minimum debt coverage 1.0 to 1.0
**With no or limited credit history, third party sources such as rent history or utility bill may be considered.
- Building including construction, rehabilitation and capital leasehold improvements;
- Purchase machinery and equipment with a useful life of more than 5 years;
- Revolving Lines of Credit are Variable Rate subject to change from time to time based on the Wall Street Journal Prime Rate (the “Index”) plus 1.75%
- Fixed Rate Installment Loans are priced using the FHLB Cincinnati- 5-year rate for “Fixed Rate Advances” (the “Index”) plus 4.0% rounded up to the nearest 0.175%.
Success Stories
We believe in the power of small businesses to drive growth and prosperity in the communities where we live, work and raise our families. We are honored to share their stories and celebrate their success.
Steve & Ted's Services
“The thing we like about using Minster Bank is we can at any point in time make a phone call, and the loan process is usually a couple of days, sometimes next day.” -Steve Huecker
Steve & Ted’s Services, specializing in HVAC, plumbing, and electrical needs, have been a small business in McCartyville since 2002. Since their inception, they have used Minster Bank to help propel their business to where it is today.
Watch the Story
Steve & Ted's Services
“The thing we like about using Minster Bank is we can at any point in time make a phone call, and the loan process is usually a couple of days, sometimes next day.” -Steve Huecker
Steve & Ted’s Services, specializing in HVAC, plumbing, and electrical needs, have been a small business in McCartyville since 2002. Since their inception, they have used Minster Bank to help propel their business to where it is today.
See More Small Business Success Stories
See More Small Business Success Stories
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