Commercial Lending Services
We are McHenry County’s largest independent bank and we’re consistently among its top lenders in the commercial arena. In fact, the Federal Financial Institutions Examination Council (FFIEC) has ranked Home State Bank #1 in McHenry County for dollar volume loaned out to small businesses for the past 6 years. Home State Bank is here to help your business grow, with a wide array of commercial loan products. We specialize in:
- Small business loans
- Development loans
- Construction loans
- Equipment loans
- Lines of credit
- Letters of credit
Specialized Commercial Loan Products
Certified Development Company (504) Loan Program
This program provides growing businesses with long-term, fixed rate financing for major fixed assets, such as land and buildings. The bank participates with the Development Company by providing a loan for 50% of the costs of the project, while the Development Company provides 40% of the financing and the borrower contributes 10% of the total project cost.
McHenry County Revolving Loan Fund
The focus of this program is to encourage economic growth by assisting firms to create and retain jobs. The bank participates with the Fund by providing up to 55% of project costs, while the Fund provides 45% of the project costs at lower rates than typically offered by the bank.
EX-IM Bank Working Capital Guarantee Program
The Working Capital Guarantee Program is a pre-export financial tool to enable exporters to obtain necessary working capital in order to bid, construct or enhance production and complete foreign contract awards. Home State Bank has Delegated Authority to commit EX-IM Bank’s guarantee.