A Business Loan Should Be Painless

    Let's help you finance your dream

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    HAVE A QUESTION? WE'LL CALL YOU BACK.

    Feel free to call (937) 498-1195

    Compass and Triangle MF

    Equipment Loans

    Finance the equipment your business needs.

    Revolving Money MF

    Operating Lines of Credit

    Avoid cash flow issues and get through tough times with an operating line of credit.

    Store MF

    SBA Loans

    Small Business Administration loans help strengthen loans that may not qualify under traditional bank financing. 

    Hand and Key MF

    Business Purchase Loan

    Get the best terms available in a loan structured to match your cash flow.

    Credit Card

    Credit Card

    You chose to bank with us for a reason, now we're giving you one more... A Visa® credit card.

    Learn More and Apply
    Stacked Coins

    Working Capital Loans

    Get through your cash conversion cycle with a line of credit or permanent working capital options.

    Farm Tractor MF

    Agricultural Loans

    Loans to cover your ag needs - from crops to equipment and more.

    Buildings MF

    Commercial Real Estate

    Finance the purchase or construction of your new building. 

    Partner MF

    Partner Buy-In Loans

    Finance a partner buy-in such as a new physician to your practice.

    Are you ready to take the next step in your business plan?

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    Your Lending Team

    We can help you get your business what it needs!

    Eric Noble

    Vice President
    Small Business Lending

    John Wale

    Vice President
    Commercial Lending

    Reggie Pace

    Vice President
    Commercial Lending

    John Evans

    Vice President
    Commercial Lending

    “I thoroughly enjoy being a lending officer here at Mutual Federal.  We are large enough to provide financial products at competitive prices yet small enough to know our customers on a personal level.  We are local individuals making local decisions for those living in our surrounding areas.  Mutual Federal has experienced lenders who care and want to assist you with all of your financial needs.  Whether it is personal or business, we have a wide range of lending products to meet your needs.”

    -Eric Noble, Asst. VP - Retail Banking Officer

    Frequently Asked Questions

    How long does the loan process take?

    The commercial loan process timeline depends on the type of business loan that you apply for.

    Examples include:

    • Commercial Line of Credit: 30 days
    • Commercial Real Estate Loan: 30-45 days
    • SBA Loans: 30-60 days

    In some cases, we can do some loans as quickly as a couple of days. 

    What information do you need to apply?

    To make it simple, we have created a loan checklist for you to follow. If you have any questions, feel free to give us a call. 

    Documents required for initial credit decision:

    All loan requests:

    • Driver's License (or government issued photo ID)
    • Business federal tax return for the last three years, including all schedules. (If current year returns have not been filed, provide a copy of your extension)
    • Schedule K-1
    • Fiscal year-to-date financial statement
    • Personal federal tax return for the last three years for any owner with greater than 20% ownership in the company, including all schedules
    • Personal financial statement (less than 6 months old)
    • Debt schedule outlining all monthly payments

    Investor loans (collateral property <51% owner-occupied)

    • Current rent roll
    • Lease agreement(s)
    • Letters of intent

    Purchase loans

    • Purchase agreement
    • Purchase orders or invoices

    Final documents required for processing loan documents

    • Organizational documents (Articles of Incorporation/Organization, Secretary of State, Operating Agreement, etc.)
    • Resumes or Bios of key management

    What type of down payment is required for a commercial real estate loan?

    Generally, you will need to have 20% down for bank financing with Mutual Federal.

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    121 S. Ohio Avenue
    Sidney, OH 45365

    Routing Number: 274970791

     

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