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Loans
FOR ONLINE LOAN APPLICATIONS, CLICK HERE! 
 
 
At Bank of Zumbrota our loan officers are in your corner, just around the corner.  
 
All of our loan decisions are made locally, not by a computer or in a distant metropolitan area. The real decision makers are people that you see in town every day. Decisions are made based on more than just the numbers. We understand that each individual's circumstances are unique and, what is more important, we know you. 
 
CLICK HERE TO RECEIVE MORE LOAN INFORMATION. Please do not include any sensitive information in this email. 
 
Calculator Page 
 
 
CONSUMER LOANS: 
Life can be full of surprises. When you need some extra cash - for whatever reason - that's where we come in.  
 
Whether the loan is Personal, Auto, or Recreational, Bank of Zumbrota offers you: 
 
Competitive Rates and Terms 
With Bank of Zumbrota's competitive rates and terms, we can design a payment plan that fits your budget and gives you a manageable monthly payment.   
 
Preapproval Process 
Bank of Zumbrota offers this option so that you can negotiate your purchase with confidence, knowing your loan has been approved in advance. 
 
Fast, Personal Service 
Our friendly, knowledgeable loan officers will be happy to give you quick answers to your loan questions and set up a loan that is just right for you. 
 
No Prepayment Penalties 
If you opt to, you may pay off your loan before it matures without any prepayment penalties. 
 
Convenient Payment Options 
You can have your payment deducted from your Bank of Zumbrota checking account, use online banking, use our 24-hour telephone payment option, or use a payment booklet. You can even have a preferred payment date. The choice is yours.  
 
Want to check vehicle book values? Click here.  
 
 
STUDENT LOANS: 
Although student loans are not processed at Bank of Zumbrota, we have a College Planner, where you may obtain more information on student loans.  Please go to the Other Services section of this website. 
 
 
AGRICULTURE LOANS: 
Agriculture is important to our economy in SE Minnesota and it makes up an important part of Bank of Zumbrota's lending portfolio. We serve this area with a broad array of products and services designed to meet the ever-changing needs of our customers. Bank of Zumbrota has employed qualified lending officers who know our farmers and understand the complexities of farming. As changes occur in agriculture, our loan officers at Bank of Zumbrota are able to keep up with change and provide the assistance needed in helping our customers manage change and growth. In ag lending, experience counts and our lenders have that experience. 
 
Current agricultural information can be found at www.farms.com, www.agpartners.net, www.agweb.com , www.cffm.umn.edu, www.CMEGroup.com 
 
 
Agriculture Properties 
Our agricultural properties loan can be used to purchase farmland, refinance debt, or improve your existing property.  
  • Easy-to-budget fixed payments
  • 10 to 25 year amortization
  • Secured by real estate
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    Livestock/Machinery Financing  
    Purchasing new or used machinery or ready to expand your herd? Bank of Zumbrota has financing available for all of your livestock and machinery needs.  
  • Easy-to-budget fixed payments
  • Pre-approved credit available when you need it
  • Credit lines available in an amount to serve your needs and repayment ability
  • Flexible repayment terms with interest billed monthly until permanent financing is established (No pre-payment penalty)
  • 3-7 year amortization
  • Secured by livestock and machinery
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    To find out auction sale price data, go to www.machinerypete.com 
     
     
    Operating Lines 
    Our operating lines allow you to borrow, repay, and re-borrow funds throughout the term of the loan. These are typically used for crop inputs, repairs, feed, livestock and equipment purchases, and any other ag operating expenses.  
  • Pre-approved credit available whenever you need it
  • Credit lines available in an amount to serve your needs
  • Able to repay and re-borrow at your convenience
  • Flexible repayment terms with principal and interest paid monthly, semi-annually, annually or anytime (no pre-payment penalty) by maturity
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    COMMERCIAL LOANS: 
    At Bank of Zumbrota we believe in and strive for the success of our customers which in turn leads to a strong community, which benefits all of us. Our customer deposits are invested directly into local businesses and real estate loans that help our local economy. Our lenders are local people who understand you and your business, and are committed to serve you and your business needs.  Decisions are made on more than just numbers. They are made based on sound financial principles measured by local community needs, and will insure your success.  We are here to be your financial partner.  
     
    Consult with our experienced lenders to find financing options as well as a variety of services to fit your business needs. Our lenders will quickly respond to your application, set up flexible repayment schedules that work with your cash flow, and offer you easy access to your credit. You can even transfer funds online or by phone. 
     
     
    Commercial Properties 
    A commercial real estate loan from Bank of Zumbrota can be used to refinance or purchase commercial property, construct a new facility, or expand/remodel your current facilities. Whatever your need, we can work with you.  
  • Terms and conditions that work with your personal cash flow
  • Amortizations of up to 25 years
  • Interest rates fixed up to 5 years, and limited options up to 10 years
  • Low closing costs
  • Competitive rates
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    Equipment Loans  
    Let Bank of Zumbrota assist you with all of your business equipment financing needs. Whether your business requires specialized equipment, office equipment, vehicles, or fixtures, let Bank of Zumbrota customize a loan tailored for your business.  
    • Typical loan repayment terms of up to 60-month amortizations 
    • Flexible terms are available  
    • Payments can be set up on a monthly, quarterly or semi-annual basis 
    • Competitive rates  
     
     
    Working Capital  
    Bank of Zumbrota offers revolving lines of credit to help even out your business cash flow. Let us help you finance inventory, accounts receivables, help keep payables current, or manage payroll. This gives you the opportunity to control your business finances your way.  
  • Loan maturities up to one-year term
  • Revolving line is accessible anytime during the year
  • Competitive rates
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    Commercial Vehicles  
    Let Bank of Zumbrota be your commercial vehicle financing source. We finance semi-tractors, trailers, heavy or light duty trucks, and pick-ups. We can customize a repayment plan to coincide with your business' cash flow.  
  • Competitive rates
  • Repayment terms of up to 60 months
  • Flexible terms
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    SBA Loans  
    Bank of Zumbrota participates with the U.S. Small Business Administration (SBA) to fund the needs of small businesses when financing is unavailable on reasonable terms through normal lending programs. SBA loan programs that the Bank of Zumbrota participates in are the SBA 504 Program, SBA 7-A Loan Program, and SBA-Express Loan Program. New PI 504 loans provide long term, fixed rate financing for major fixed assets such as land and buildings. The SBA 7-A Loan Program can be used to purchase machinery and equipment, real estate property, inventory and/or to purchase an existing business, up to $2,000,000.00. SBA-Express loans are typically used for loans under $350,000. For more information go to www.sba.gov. 
     
    THE SAFE ACT  
    (The Secure and Fair Enforcement for Mortgage Licensing Act) 
                                 NMLS ID # 
    Bank of Zumbrota  638435 
    Dan Kingsley          640593 
    Brian Haugen         640588 
    Mark King               640587 
    Kevin Scanlan        756164 
    Darin Jensen          876441 
    Sherry Goplen        640589 
    Jennifer Bennett    640598 
     
     
    Important Information About Procedures for Opening A New Account At Bank of Zumbrota  
    To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.  
    What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. 
     
     
    FDIC
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