• Business Manager® Accounts Receivable Program Financing
• This program enables small businesses to get cash for their accounts receivable deposited directly into their checking account within 48 hours. This program will improve a business customer's daily cash flow and can allow them to take advantage of discounts from their suppliers. An additional benefit of the Business Manager® Accounts Receivable Program is that it is integrated with Quick Books®. http://www.pbizinc.com/products/banks/business_manager/index.html

• Commercial Real Estate Loans
• Loans for the construction, acquisition or refinancing of commercial real estate are available at competitive rates and flexible terms. Interest Only payments are available during the construction and/or lease-up period.

• Land Development Loans
• Loans for the acquisition and infrastructure construction costs are available at competitive rates and flexible terms.

• Letters of Credits
• Performance Letter of Credits guaranty that a business will perform a specific task within a certain time period.
• Standby Letter of Credits guaranty that a business will pay a vendor on a timely basis pursuant to the terms negotiated between the business and their vendor.

• Lines of Credit
• These loans are used for working capital for a period of one year or less with interest only payments due during the period.

• SBA Financing
• The SBA 7a Program is very beneficial to start-up businesses.
• The SBA 7a Program allows longer amortization schedules for equipment and other fixed asset purchases than conventional term loans. http://www.sba.gov

• The SBA 504 Program provides financing for the purchase, construction or improvement of fixed assets such as land and building acquisition, construction and renovation, and/or the purchase of heavy machinery and equipment. It consists of three components:
• Up to 50% of the project's total cost is provided by Flanagan State Bank;
• Up to 40% is provided through the SBA 504 Program;
• A minimum of 10% equity is provided by the small business/borrower.
• The SBA 504 Program lends up to forty percent of a project's costs at a fixed rate up to 20 years for Real Estate secured loans.
• The SBA 504 Program lends up to forty percent of a project's costs at a fixed rate up to 10 years for Heavy Machinery & Equipment secured loans. http://www.growthcorp.com

• Term Loans
• These loans are used to purchase equipment and other fixed assets are available at competitive rates and flexible terms. Payments are typically due on a monthly basis. These loans are set period of time that are dependent upon the equipment or fixed asset that is being purchased.

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Find a Commercial Loan Officer

Rick Collings

Rick Collings has been in the financial services industry since 1977 and in the banking industry since 1984. Rick grew up at Bayles Lake near Loda, Illinois. He attended and graduated from the Graduate School of Banking in Madison, Wisconsin.

In 2003, Rick joined Flanagan State Bank as Senior Vice President of Commercial Lending. He serves on the Loan Committee and the Asset/Liability Committee at Flanagan State Bank. He currently resides in rural Bloomington, Illinois with his wife and her daughter, Danielle.

Audrey Harlan

Audrey Harlan has over 11 years of banking experience. She began working for the bank part-time during high school and college. She joined the bank full-time in 1995 after graduating from Illinois Wesleyan University with a major in Risk Management. Audrey wears many hats at the bank, including personal banker, lender, compliance, and operations management. She is also a member of the Board of Directors for the bank.

Audrey moved to El Paso when the Flanagan State Bank opened its permanent location there in 1997. She married her husband, Joe, in 1999 and currently has three children, Samantha, Isabelle, and Henry. Audrey serves as Sunday School Treasurer for the church she grew up at in Flanagan, Illinois. She is active in the El Paso Chamber of Commerce and serves on the board of directors for the Good Samaritan Home in Flanagan, Illinois.

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