Business Lending
At Midwest BankCentre, we understand the unique challenges and opportunities businesses in our region face. Whether you’re starting a new venture, expanding your operations, or managing cash flow, our business loans are designed to provide the financial support you need to succeed.
We help businesses grow.
Midwest BankCentre has over 110 years of experience helping businesses reach their potential.
Our loans have helped build landmarks, construct neighborhoods, helped businesses scale and shaped our community’s faith-based and nonprofit organizations. Our trusted advisors have the products and services to help your business flourish.
Find a loan that’s right for you.
Midwest BankCentre offers a diverse range of business loan options to support your financial needs. Whether you want to purchase new equipment, invest in commercial real estate, fund a construction project, maintain working capital, or secure emergency funds, our tailored solutions are designed to help you reach your goal.
Equipment Finance
Secure financing for new or used equipment, trucks, trailers, or any other vehicles needed for your business. Our Equipment Finance loans help you get the essential tools and machinery to keep your operations running smoothly.
Commercial Real Estate
Invest in commercial properties, mixed-use real estate, or residential investment properties with our Commercial Real Estate loans. Ideal for expanding your business footprint or generating rental income.
Construction Loans
Fund your construction projects using our Construction Loans. Perfect for building new commercial properties or making significant improvements to existing structures.
Small Business Lines of Credit
Access flexible funding for your business needs with our Small Business Lines of Credit. Secured by marketable stock, bonds, cash value life insurance, brokerage accounts, real estate, or other business assets, these lines of credit provide working capital to help manage cash flow and growth.
Small Business Emergency Loan
Get quick financial assistance during unforeseen circumstances with our Small Business Emergency Loans. Designed to provide immediate support and keep your business afloat during emergencies or unexpected disruptions.
Small Business Administration (SBA) Loans
Our SBA loans offer flexible financing options with competitive interest rates and longer repayment terms. Backed by the federal government, SBA loans are designed to help your business grow.
Why choose Midwest BankCentre for your business loan?
Expedient, Local Decision Making
We pride ourselves on quick, local decision making. Our team understands the community’s needs and ensures your loan applications are processed efficiently, so you can focus on growing your business without unnecessary delays.
Personalized Solutions
Our experienced bankers are here to provide expert guidance every step of the way. We work closely with you to understand your business goals and tailor the best financing solutions to meet your needs.
Lending Options & Flexibility
We offer flexible terms and conditions to suit your unique financial situations. Whether you need short-term or long-term financing, our loan options are designed with your success in mind.
Niche Experience
Our deep understanding of various industries allows us to offer specialized loan products that cater specifically to your business sector. We know what it takes to thrive in your market.
A Trusted Advisor
As your partner and neighbor, we’re in this together. We build lasting relationships with our clients, offering reliable financial advice, advocacy, and support that helps your business succeed.
Custom financial solutions to help your business thrive.
The first step in securing financing for your business is deciding which loan is right for you. If you need more information about a specific loan type or don’t know which loan to choose, a trusted advisor can help you create a custom financial plan that aligns with your budget and goals. Call us today at 314-631-5500 or 800-894-1350.
Consider incorporating other solutions into your financial plan for added benefits:
Do you need to pay your bill right away? We’ve made it easy!
Midwest BankCentre offers several ways to make a loan payment. Choose the option that works best for you.
Pay from your Midwest BankCentre Account
Login to your Online or Mobile Banking account to quickly transfer funds from your checking or savings account to your loan. Create automatic transfers so you won’t have to keep track of due dates, and your payments will always arrive on time. You can also set up payments from other financial institutions. Please allow 3-5 business days to set up these accounts.
Online Payment Center
Go to the Midwest BankCentre Online Payment Center to make a one-time payment or create an account to set up automatic monthly payments. Payments can be debited from your checking or savings account (ACH) or charged to a debit card at the financial institution of your choice.*
Visit Your Nearest Midwest BankCentre Branch or Mail the Payment
Visit your local branch to make a payment, or mail your loan payment to Midwest BankCentre at 2191 Lemay Ferry Road, St. Louis, MO 63125 and include the loan payment coupon with the check.
FAQs
Navigating the world of business loans can be complex, especially when you’re focused on growing your business. To help you understand the process and make informed decisions, we’ve compiled a list of frequently asked questions.
What factors are considered when applying for a business loan?
When applying for a business loan, lenders consider several factors to assess the creditworthiness of the borrower and the viability of the business. These factors include the borrower’s credit history, business financial statements, cash flow projections, collateral value, industry analysis, and the purpose of the loan. Lenders also evaluate the borrower’s experience and management capabilities to determine their ability to repay the loan.
How does commercial lending differ from residential lending?
Commercial lending refers to loans provided to businesses or individuals for commercial purposes, such as acquiring commercial properties, financing business expansions, or purchasing equipment. Residential lending, on the other hand, focuses on loans for purchasing or refinancing residential properties. Commercial lending involves more complex underwriting processes, higher loan amounts, and different risk assessments based on the financial performance of the business or commercial property.
Should I choose a conventional loan or an SBA loan?
Every situation is different, and it’s important to discuss the pros and cons of each with your banker. Benefits to an SBA loan include lower down payment requirements, longer repayment terms, and, in some cases, an easier pathway to loan approval. Since the government backs a portion of the SBA loan, it reduces risk for the bank. Therefore, borrowers that may not qualify for a conventional loan may be able to be approved for an SBA loan instead. Conventional loans are subject to your bank’s specific underwriting standards including cash flow requirements and adequate collateral. If a business meets those easily, in some cases a conventional loan can be a simple, streamlined solution for a business.
Can I get a business loan with bad credit?
Possibly. Let’s talk. We offer loans for many different needs with flexible terms and conditions.
Get expert loan advice from our trusted advisors.
Talk to our experienced bankers about your business goals, and let us help you navigate the complexities of financing.