BankORION takes pride in offering competitive, professional commercial and agricultural financing packages and services to our customers.
We provide financial services for a broad range of businesses. Competitive pricing, experienced lenders, and community banking since 1890 differentiates BankORION from the competition.
Business Loans:
Participation in programs offered by:
BankORION offers a way to advance business loan funds to your checking accounts. Here are the steps:
Contrary to popular belief, the SBA program is not just for start-ups. Its real strength and focus is assisting successful small businesses like yours to grow and expand.
Cash is king, and without it, a business will struggle. Working Capital is cash used to pay salaries, office supplies, rent and other items needed to grow your business. Unfortunately, spending your cash does not provide a lender any recovery in the case of loan default. This can present a dilemma for lenders. Businesses need cash; however, lenders are uncomfortable with working capital loans. The SBA guarantee solves this dilemma.
Most conventional equipment loans have a maturity of 5 years or less. Typically, the equipment you finance lasts longer than the conventional loan maturity. The shorter obligation can put a squeeze on a business' cash flow. Businesses need equipment loans with a maturity greater than 5 years. The SBA guarantee solves this dilemma.
Purchasing business real estate with a conventional loan requires a substantial down payment. Using your cash in this manner can hamper your ability to manage your daily business operations. This can leave you in undersized, outdated facilities. Businesses need the ability to borrow up to the full value of the real estate being purchased to preserve cash. The SBA guarantee solves this dilemma.
Our SBA program is uniquely positioned to help you in each of small business' three most challenging areas. Talk to one of our lenders today about SBA lending options for your business' future.
The Main Street Orion Cooperative Interest Buydown Program (CIBP) is available to assist qualified Orion area businesses and property owners in improving their commercial property. The buydown* varies from 1.50% to 3.00% depending on the location of the project.
$25,000 (ask for additional details)
Director - Main Street Orion
309.526.8299
President & CEO - BankORION
309.526.8011
*Reduces the effective interest rate to qualified borrowers.
The CIBP is made possible through the cooperation of:
BankORION specializes in equipment leases for your agricultural and/or business projects. With alternative and competitive local funding for capital purchases, this allows for businesses to preserve cash, may reduce the risk of obsolescence and may have tax benefits*.
Love Banking Here! I use 3 of their locations on a regular basis and each one I go to is great. They know me every time I walk in and help me with any issues I have. Hopefully they will get a Muscatine location soon!Jake B.
