News & Events

Discover Loan Programs and Bank Services to Benefit Your Business

Posted January 22, 2021

Assisting our neighbors and area businesses is the top priority at First State Bank of St. Charles. As our nation and local communities deal with enduring concerns from the pandemic, our focus on making a difference for small business owners, entrepreneurs, and the employees and families they support remains constant. We provide banking and lending options to fit your business goals when faced with new opportunities or a sudden challenge.

State and federal loan programs designed specifically for small businesses allow First State Bank to support new and existing clients with ease. The Missouri FIRST linked deposit lending plan and Small Business Administration 504 loan program serve businesses with opportunities for growth, renovation, equipment financing and other essentials.

First State Bank is also well-versed in helping companies access federally guaranteed Paycheck Protection Program (PPP) loan funds. Last year, we aided 365 local businesses through the process, allowing them to keep their doors open and retain 4,121 employees during an unstable economic climate. Our team continues to assist new applicants with their first-draw requests and existing borrowers through the second-draw application process for vital small business support since the SBA’s recent launch of 2021 PPP funding.

We Are Here for You and Your Business
Whether your company is currently focused on growth, expansion, and other financing, or you need assistance to maintain operations and retain employees, we can assist. Contact our team to learn how First State Bank’s loan options allow our business customers to run strong, financially stable, and successful operations. Call 636-940-5555 or make an appointment at a branch near you to discuss your business needs.

Bob Strate, owner of Callier & Thompson Kitchens, Baths, Appliances, shares first-hand experience with our commercial lending team’s guidance on a Missouri FIRST loan.

The Missouri FIRST linked deposit lending program is administered by the Missouri State Treasurer’s Office in cooperation with lending institutions. The Paycheck Protection Program and 504 loans are implemented by the Small Business Administration with support from the Department of the Treasury and in cooperation with lending institutions. First State Bank is available to assist our bank customers with the loan process for these state and federal programs. Visit Missouri FIRST and sba.gov  for additional information on these programs.