Business Loans & Lines of Credit

Business Loans

For over 125 years, First Harrison Bank has been locally owned and operated. All of our decisions are made locally by people who understand your situation. We have quick turnarounds. We do one thing most big banks don’t… We consider you in our loan decision and don’t rely solely on a computer.

At First Harrison Bank, we can help you with business loans on a variety of things in a variety of ways. Some of the things we can help you with include expansion loans, increased inventory levels, new construction, refinance, real estate, machinery, automobiles, equipment, and more!

Paycheck Protection Program (PPP) Loans

If you were a recipient of a PPP loan, we highly encourage to stay up to date on the latest, continually evolving forgiveness parameters. See the Treasury's website dedicated to PPP for the latest information. The guidance is subject to change without notice.

Term Loans

A business term loan with First Harrison Bank can be the start of growth for your business. A term loan generally has a maturity of one year or longer. It is typically repaid in monthly payments.

Lines of Credit

If you’re in need of short term working capital, or you have a seasonal business, a line of credit could be for you. Lines of credit are renewable annually. Lines of credit may be attached to a checking account for overdraft protection and easy cash flow management.

Commercial Real Estate/Construction

If you are considering purchasing, or refinancing property of any kind related to your business, we have solutions just for you. We can also help you with your construction loan and permanent loan after you have built the next piece of your business.

Credit Cards

We have several credit card options available for personal or business customers. See our dedicated Credit Cards page for more information.

Small Business Administration (SBA) Loans

First Harrison Bank is proud to be a SBA lender. SBA loans could potentially have more flexible terms that might suit your business needs. We have two SBA programs to offer you and your business including 7(a) and 504 loans.

Items Needed for Most Business Loans:

• Personal Financial Statement
• Three years of tax returns of business and owners
• Current year financials
• Bylaws for a corporation or operating agreement for LLC
• Signed Beneficial Ownership and Enhanced Customer Due Diligence form that First Harrison Bank provides.

Small Business Development Center (SBDC)

First Harrison Bank is a proud corporate sponsor of the SBDC. If you’re in need of business advice, the SBDC will work with you and your business at no cost. The SBDC can help with strategy, market research, business planning, export assistance, valuation, and more.

SBDC

Annual Credit Report

We always want you to be mindful of your credit history, inquiries, and anything else on your credit report. Keeping an eye on your credit report is a great way to stop or prevent fraud or any other irregularities. The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every twelve months.

For more information on how to obtain your free credit report, visit Annual Credit Report.

We encourage you to learn more about us.

Corporate Profile

All loans subject to credit approval.