FAQs

Business Loans and Lines of Credit

Whether you are considering a start-up business or have been in business for many years, First Security Bank has the loan products to assist with all your financing needs.  We are committed to supporting the development of our local communities.  Stop in to discuss your needs with one of our business experts  and check out our competitive rates!

Real Estate Loans

  • Loans to assist with building, purchasing or refinancing your business property
  • Flexible term and payment options available

Lines of Credit

  • Revolving loans to assist in managing cash flow more effectively
  • Secured and Unsecured options available

Term Loans

  • Loans to purchase equipment, machinery and vehicles or refinance existing loans
  • Multiple payment options and terms
  • Fixed or variable rates available

Small Business Administration (SBA) Loans

  • Loans to start a new business, expand an existing business or acquire real estate
  • SBA 7(a) Loans
  • SBA 504 Loans

For all your business lending needs, contact one of our experts at 507-775-2316:

tim lawlerjeff wallevandfaith hollasch
Tim L.
NMLS#792483
Email Tim
Jeff W.
NMLS#781783
Email Jeff
Faith H.
NMLS#779854
Email Faith

The emails above are not a secure form of communication.  Please do not include personal information, such as your social security number or any account numbers.

Ag Loans and Lines of Credit

Whether you are a beginning farmer or an experience farmer, First Security Bank has the loan products to assist with all your financing needs.  We are committed to supporting the development of our local agriculture production.  Stop in to discuss your needs with one of our business experts  and check out our competitive rates!

Real Estate Loans

  • Loans to expand your operation by purchasing additional land or use equity in your real estate to fund other capital projects
  • Flexible term and payment options available
  • Federal Agricultural Mortgage Corporation - Farmer Mac
  • Farm and Ranch long term loans available (If secured by first real estate mortgages)

Operating Loans and Lines of Credit

  • Revolving loans to assist in managing cash flow more effectively

Term Loans

  • Loans to purchase equipment, machinery, and vehicles or refinance existing loans
  • Multiple payment options and terms
  • Fixed or variable rates available

For all your agricultural lending needs, contact one of our experts at 507-775-2316:

tim lawlerjeff wallevandfaith hollasch
Tim L.
NMLS#792483
Email Tim
Jeff W.
NMLS#781783
Email Jeff
Faith H.
NMLS#779854
Email Faith

The emails above are not a secure form of communication.  Please do not include personal information, such as your social security number or any account numbers.

Commercial Loans

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Merchant Card Processing

First Security Bank offers merchant card processing for any size business. We can get your business set up to accept Visa, MasterCard, Discover and American Express. If you have an existing merchant processing relationship, there is a very good chance that we can convert your processing without any change of equipment and also reduce your fees.

Processing Rates and Fees   

  • NO Annual Fee
  • NO Reprogram Fee
  • NO Monthly Minimum
  • NO Contract (month to month agreement)
  • NO Cancel Fee
  • NO Batch Fee

**Rates as low as 1.35%

Please call us so that we can perform a "no cost" analysis on your existing merchant agreement to see how we can save you money.

The fee schedule above is not all inclusive. Charges vary depending on type of card, if the card number had to be entered manually, etc.

Business Debit Card

First Security Bank Business Debit Card

A First Security Bank Business Debit Card works just like your checkbook only it's faster, easier and more convenient than writing a check. Your First Security Bank Business Debit Card looks like a credit card but works like your check because the purchase amount is automatically deducted from your business checking account.
Besides using the First Security Bank Business Debit Card for purchases, you have access to thousands of ATM's to get cash!

When you make a purchase or ATM transaction with your First Security Bank Business Debit Card you'll receive a receipt. All the details will be listed on your monthly statement.

Personalized debit cards for each user of the business.

Surcharge-free ATMs

Are you tired of being charged every time you use an ATM to get cash? Well look no further!  You can use the on-site ATM at First Security Bank and also, because First Security Bank has teamed up with MoneyPass, you are provided with even more surcharge free ATM's!  Here’s a link that lists all of the surcharge free ATM’s in the MoneyPass network!

    Click here to visit the Surcharge-free ATM Locator

First Security Bank Debit Card

First Security Bank MC DebitA First Security Bank Debit Card works just like your checkbook only it's faster, easier and more convenient than writing a check. Your First Security Bank Debit Card looks like a credit card but works like your check because the purchase amount is automatically deducted from your checking account.

Besides using the First Security Bank Debit Card for purchases, you have access to thousands of ATM's to get cash!

When you make a purchase or ATM transaction with your First Security Bank Debit Card you'll receive a receipt. All the details will be listed on your monthly statement.

Lost or Stolen Cards

If your card has been lost or stolen, please call First Security Bank so that we may close the card and re-issue you a new one.  You may also call 1-800-554-8969 during non-banking hours to report the card lost or stolen.

The Difference Between DEBIT or CREDIT

It's time to pay for groceries at the supermarket. You tell the cashier you are paying with your First Security Bank Debit Card. The clerk then asks, "DEBIT or CREDIT?" Ever wonder why you are asked this question?

The merchant is simply asking how you would like the transaction to be processed.
No matter how you respond, "DEBIT or CREDIT", the purchase will be deducted from your checking account. The main difference between the two is how you elect to authorize the sale. By selecting "CREDIT" you must sign your name to authorize the sale. If you select "DEBIT" you must use your PIN to authorize the sale. 

Now you can get CASH BACK when you make a purchase!

Tired of trying to find an ATM that won't charge you for a transaction? We have an easier way for you to get cash! When you make a purchase using your First Security Bank Debit Card, you may now ask the clerk for "cash back". Most businesses that allow you to "swipe" your card have this feature. You need to select the "debit" and enter your PIN. The terminals should respond back "would you like cash back?"  If you do, enter the dollar amount that you would like back. The entire purchase amount, including the cash back will be deducted from your account. What an easy way to get some cash without searching for surcharge free ATM's!  

Contact us if you would like to get your ATM or Debit card today.

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