Loan Products

Home Loans Finding that right home can be hard... Getting the right mortgage doesn't have to be.

At Security Bank Minnesota we offer a wide range of mortgage products to meet your individual needs. Whether you're buying your first home, building a new home, refinancing or remodeling, we'll help you get there.

We offer:

• Competitive Rates
• Long-term fixed rate programs
• Loans for purchase or refinance
• Low downpayment programs
• Variable rate programs
• Balloon mortgages
• 1st-Time homebuyer programs
• Construction financing
• No-Cost Pre-approval
• One-on-one service
• Applying for Home Financing is simple. Click on the Apply Now button below, print out the Home Loan Application, complete and return by fax (507-373-1723). You can also mail or drop off the application at one of our convenient locations. If you have any questions, please feel free to call one of our friendly loan professionals for assistance.

Talk to the experts today at Security Bank Minnesota about financing your home!

Home Equity Loans Want to improve your home? Buy a new car? Or maybe take a vacation?

Put your home equity to work with a Home Equity Loan at Security Bank Minnesota. Best yet, the interest may be deductible from your Federal Income Tax. See your tax advisor for details.

We offer local fast approval with one-on-one service:

• Home Equity Lines of Credit
  • Adjustable Rate feature
  • Flexible terms
  • Interest-only plans
  • Convenient access by check
• Closed-End Home Equity Plans
  • Fixed monthly payment
  • Competitive rates

Call one of our friendly loan advisors today about putting your home equity to work for you!

Home Improvement Loans Now's the time to get those projects started and Security Bank Minnesota is here to help you on your way. We offer home improvement loans for projects of any size.

We offer:

• Programs with up to 100% financing of property value to qualified borrowers
• Competitive rates
• Local fast approval process
• Fixed monthly payments
• One-on-one service

Don't wait another day! Call one of our lenders today to get your home improvement projects started.

Auto/Personal Loans Finance a car, truck, boat, snowmobile or other important purchases.

Call our consumer loan department today and discuss the many finance options available to help you with that next purchase or refinance!

We offer:

• Local fast approval process
• Competitive Rates
• One-on-one service

Commercial Loans Since 1906, Security Bank Minnesota has been offering loans to local businesses to help the community grow and prosper.

Call our commercial lenders today to find out about our competitive commercial loan products.

We offer:

• Local loan approval and processing
• Loans to purchase or refinance commercial property
• Construction financing
• Accounts receivable financing
• Business lines of credit
• Business checking accounts
• Business VISA
• Competitive rates and terms

Ag Loans

We offer:

• Operating lines
• Farm land loans
• Farm Equipment
• Local approval
• Flexible terms
• Competitive rates

Business Manager® Accounts Receivable Management System How Does Business Manager® Work? You receive a lump sum payment for your existing accounts receivable. As you generate new sales, you submit your invoices to the bank and receive cash on the next business day. The bank assists you in managing and processing your accounts receivable. How Does Business Manager® Benefit My Business? Business Manager improves cash flow through both the initial and ongoing purchases of receivables. Cash proceeds can be used to pay off existing debt, take cash discounts on purchases, increase inventory, or capture new business opportunities. Offering flexible credit terms to your customers can increase sales. Can improve your management of receivables through customized aging, sales, and customer balance reports provided by the bank. The bank's presence can significantly improve your collection efforts. Custom billing service saves you valuable time, allowing you more time to concentrate on other aspects of your business. Contact us for full product information.

Security PLUS Checking

What is SECURITY PLUS?

SECURITY PLUS is a revolving line of credit up to $5,000.00 attached to your present checking account at Security Bank Minnesota.

How will SECURITY PLUS benefit me?

• You obtain overdraft protection, avoiding costly overdraft fees.
• You can write yourself a loan instantly, any time you are short of funds.
• It is convenient and easy to access.
• Payments are automatically deducted from your account on a monthly payment basis.

There's only three steps and your credit line will be in place, ready to use within 24 hours.

• Maintain or open a checking account at Security Bank Minnesota.
• Complete a credit application for Security Plus.
• Approval of your application.