Farmers Savings Bank Business Loans
Owning and maintaining a business can be very challenging in today’s world. There are daily demands for capital that require a well thought out and thoroughly analyzed plan to succeed. The business development professionals at Farmers Savings Bank are here to work with you to meet all of your short and long term business needs and goals. We finance equipment, expansion, debt consolidation, and more. Visit with one of our commercial lending professionals to learn more on debt structures personally tailored to your business.
Business Real Estate
Whether your business plans entail starting from the ground up, the expansion of existing facilities or purchase of an existing property, our lending professionals are here to guide you through the process. We will work with you to meet your budget and business needs. When applicable, we will assist you with available government programs. Call and set up an appointment to visit with one of our business development professionals today.
Please contact us to schedule an appointment to visit about a Business Real Estate Loan.
Business Operating
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New Beneficial Ownership Reporting Requirements: Effective 01/01/2024
In 2021, Congress enacted the Corporate Transparency Act. This created a beneficial ownership reporting system that requires companies to report information to the U.S. government about who ultimately owns and controls them. Beginning on January 1, 2024, many entities will be required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). To assist the small business community in complying with this requirement, FinCEN has created a Beneficial Ownership Information Reporting website that includes filing information, a Small Entity Compliance Guide, and assistance with questions (see below).