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Commercial Loans

Iowa Savings Bank strives to support our communities and local businesses by offering a wide array of commercial loans.  We offer services to a variety of business entities including retail, commercial, and industrial.  We also facilitate financing for investor-owned businesses and contractor developments.  Iowa Savings Bank provides assistance for starting operations, equipment purchases, and extended loans to meet the funding needs of your enterprise. 

Types of Business Loans

We offer the following types of business loans and assistance:

  • Lines of Credit
  • Real Estate Loans
  • Vehicle Loans
  • Construction Loans
  • Equipment Loans
  • Small Business Administration (SBA) Loan Guarantees

At Iowa Savings Bank, no business is too big or too small for our services. We are ready to help support your business through our commercial loan offerings. Contact us today or stop by a branch near you to speak with one of our loan officers.


Important Information About Opening A Legal Entity Account

Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats. EACH time an account is opened for a covered

Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number as well as identification documents) for:

  • Each individual that has beneficial ownership (25% or more); and,
  • One individual that has significant managerial control of the Legal Entity.

If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.

We proudly support all efforts to protect and maintain the security of our customers and our country.

Loan Officers

Photo Name Job Title Location Phone Email NMLS ID
Lenny Daniel Vice President Carroll 712-792-9772 Email 780922
Chad Leighty Vice President/
Branch Manager
Coon Rapids 712-999-2271 Email 780927
Scott Monical Senior Vice President Carroll 712-792-9772 Email 780929
John Grundmeier Senior Vice President Carroll 712-792-9772 Email 780924