Waldo State Bank Blog

To secure financing for business or personal use (or both), look no further than our team at Waldo State Bank (WSB). At WSB, we believe that every customer deserves a loan that meets their unique needs, and we’re here to make that happen. Our comprehensive bank solutions come with the support and guidance you expect from a community bank that truly cares. Continue reading to discover the variety of lending solutions available through WSB and how we’re here to help every step of the way.

Loans Available from Waldo State Bank

We proudly offer a variety of loan options tailored to fit the needs of both individuals and businesses in our community. As a local, independent bank, we're dedicated to providing personalized service and customer-focused solutions. Our team is always here to help and guide you through every step of the lending process, ensuring you feel supported and confident from start to finish.

Consumer Loans

We’re always here to help you navigate your personal finance journey with ease and confidence. WSB offers several types of consumer loans to support your personal finance needs, including:

• Auto
• Home equity and Home Equity Line of Credit
• Personal
• Consolidation

Our loan officers are dedicated to guiding you through every step of the lending process, offering personalized support and competitive interest rates that make achieving your financial goals more accessible.

Commercial Loans

At WSB, we’re committed to supporting local businesses with a variety of commercial loan options. As your community bank, we provide personalized service and expert guidance, helping you find the right financial solutions to grow and succeed:

• Term loans for purchasing inventory, vehicles, and equipment
• Real estate loans to purchase or refinance
• Operating lines of credit
• Letters of credit
• Credit cards
• SBA-guaranteed, which means that this loan is backed by the government, which helps small businesses get approved with better terms. If the borrower can't pay, the SBA covers part of the loan for the lender.

Real Estate Loans

Are you looking to buy, build, or even finance your home? At Waldo State Bank, we understand that buying, building, or refinancing a property is a significant decision and we’re here to make the process easier and more secure. Our team members will guide you through every step, from free prequalification to finding the loan that fits your needs best.

Our team is local and easily accessible, providing personalized support that larger institutions often can’t match. We take the time to understand your needs, offering customized solutions with a level of care and attention that stands out. Along the way, we’ll help you navigate common fees associated with mortgage loans and ensure you understand everything you need to know about real estate loans.

We provide free prequalification to help you find the right lending solution at no cost. We also offer loans at fixed rates, balloon, and adjustable-rate mortgages (ARMs) to accommodate your unique needs. 

Agriculture Loans

At WSB, we’re proud to support local farmers with tailored agriculture loan products. Local farmers can rest assured with our agriculture loan products. This includes:

• Operating lines of credit
• Machinery and equipment
• Agriculture real estate
• FSA-guaranteed, which is a loan for farmers that is backed by the government. If the farmer is not able to pay, the FSA covers part of the loan, making it easier to get approved.

School Loans

WSB is here to help make higher education more accessible. Through our partnership with Sallie MaeⓇ, we offer loan options for undergraduates, graduate students, and parents to bridge the gap after grants and scholarships have been applied. Our team is dedicated to guiding you through the process, ensuring you find the right solution to fund your educational journey.

The Advantages of Borrowing from WSB

We know you have options when it comes to choosing where you bank. But we'd like to highlight the unique benefits of borrowing from a community bank like WSB.

Local Decision-Making

When you apply through WSB, you don't rely on bankers who are far away. Instead, you can work with bankers in your local area who get to know you personally and are invested in your financial well-being — and that of the entire community.

Online Application

You can fill out our online application at home or work. This saves you a trip to our branch. Doing it is easy, even with a busy schedule. We offer local, personal service for borrowers. We also provide easy online services. This helps you access the banking solutions you need whenever you need them.

Competitive Rates

At Waldo State Bank, we're proud to offer competitive interest rates. WSB stands out for the personalized, small-town service we provide customers and for fair lending rates that compete with national lenders.

One Bank for Every Loan Type

WSB doesn't just specialize in one type of loan. As illustrated above, we offer a variety of lending solutions to cater to your unique needs–personally and professionally. Borrowing from a community bank like WSB means you can consolidate your financial services under one roof, working with a single trusted institution for all your banking needs.

Explore the Lending Solutions from Waldo State Bank

Whether you're a business owner looking to fund your new venture or a first-time home buyer needing a mortgage, Waldo State Bank can help. We offer the best of both worlds: big bank solutions with support from those who understand the unique needs of borrowers in our community.

Contact us today to learn more about our personal and business lending solutions.