How a Business Line of Credit Can Help You Stay Competitive

A business line of credit is a flexible form of financing that is used by many small businesses. It can be accessed as needed (as long as you haven’t hit your credit limit and it is used for approved expenses), similar to a credit card, but has many advantages over a credit card.

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How a Debt Consolidation Loan Can Help You

Credit card debt can be frustrating, overwhelming, and feel impossible to pay off. It’s also expensive! The average credit card interest rate is around 16%.

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Five Warning Signs That Your Dream Home Might Not Be So Dreamy

House hunting can be fun and exciting, especially when you think you might have found the home of your dreams. Its also an intensely emotional decision.

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4 Tips That Can Help You Get a Commercial Loan

If you’re looking for a commercial or business loan for your small business, you’ve come to the right place. Here are four of our best tips that can help you get a commercial loan.

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First Independent Bank and United Southwest Bank Announce Merger

 First Independent Bank, Russell MN, and United Southwest Bank, Cottonwood MN announced the signing of an agreement to merge. Completion of the transaction, which is currently expected to occur by the end of 2021, is contingent upon regulatory approval.

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Swine Farm Loans and Pig Farm Financing at First Independent Bank

As a livestock farmer, you have dreams and plans for your operation. You have the know-how to get the job done. What you might need is a partner for financing your growth and expansion.

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Five Key Steps to Take Before Getting a Business Loan

As a small business owner, you probably have big plans. Sometimes a capital injection is helpful, though, when it comes to starting or expanding your small business. A business loan can help. Here are five key steps to take before getting a business loan.

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4 Bad Financial Decisions That Can Hurt Your Small Business

Managing finances can be a challenge for small business owners. You might be an expert in making your product or providing a service, but managing your business finances is a significant part of small business success.

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Dreaming of Recreational or Hunting Property?

Have you dreamed of owning recreational or hunting property? Many people buy recreational land to enjoy hunting, camping, fishing, hiking, or ATV-riding on the privacy of their own property. Owning recreational land can give you a unique opportunity to escape the pace of daily living and provide you with a chance to enjoy the many benefits of being out in nature. 

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Two Questions to Ask When Considering a Business Expansion Loan

Expanding your small business can help ensure you stay competitive and in business. Recent research found that 82 percent of small businesses fail due to lack of capital (cash flow), and 55 percent of small business owners cite cash flow as the number one challenge to growing their businesses.

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