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It is about more than just business banking. At MinnStar, we're serious about taking the time to understand your business banking needs, goals and dreams. We offer a complete selection of financial products and services, backed with a knowledgeable staff, that will help your business grow and succeed. |
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Business Checking |
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($100 Minimum Balance)
When you maintain a $100 minimum balance, you avoid a minimum
balance fee and a per debit fee. If the daily balance
drops below
$100 any day of the month, a monthly minimum balance fee
of $7 and a per debit fee of 25 cents is charged for the
entire
billing
cycle.
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Business Savings |
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Monthly Passbook Savings
When you carry a checking account at MinnStar Bank, you are eligible for a Monthly Passbook Savings account, which automatically includes your savings account history on your monthly checking account statement.
There is a $25 minimum balance required and interest is paid monthly based on the average daily balance. If your daily balance drops below $25 any day of the month, a monthly minimum balance fee of $3 is charged for the entire billing cycle. There is also an excess debit fee of $1 per debit after the first six (6) debits during each monthly statement cycle.
The opening minimum balance is $100.
Money Market Savings
Our Money Market Savings account provides a monthly statement of your savings account history. If you carry a checking account at MinnStar Bank you are eligible to have your savings account history included on your monthly checking account statement.
There is a $1,000 minimum balance required and a market rate of interest is paid monthly based on the average daily balance. If your daily balance drops below $1,000 any day of the month, a monthly minimum balance fee of $6 is charged for the entire billing cycle. This account has a limit of six (6) pre-authorized debits per month. There is also an excess debit fee of $6 per debit after the first six (6) debits during each monthly statement cycle.
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Commercial Real Estate |
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MinnStar Bank offers a variety of Commercial Real Estate programs to assist business owners with purchases, improvements and expansions. Our terms are flexible to meet the needs of the customer along with competitive interest rates.
For more information contact:
David Thompson
Mankato
david.thompson@minnstarbank.com
Randy Swenson
Mankato
randy.swenson@minnstarbank.com
Tom Evensvold
Good Thunder
tom.evensvold@minnstarbank.com
Steve Mangskau
Lake Crystal
steve.mangskau@minnstarbank.com
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Commercial Term Loans |
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MinnStar Bank offers a variety of Commercial Term Loans to finance a business's purchase of equipment, vehicles or other business asset needs over a longer term. With flexible terms and competitive interest rates this may be the option for you.
For more information contact:
David Thompson
Mankato
david.thompson@minnstarbank.com
Randy Swenson
Mankato
randy.swenson@minnstarbank.com
Tom Evensvold
Good Thunder
tom.evensvold@minnstarbank.com
Steve Mangskau
Lake Crystal
steve.mangskau@minnstarbank.com
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Operating Lines of Credit |
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MinnStar Bank offers very competitive Commercial Operating Lines of Credit. Our experienced commercial lenders will assist you in determining what would work best for your day to day operational needs. An Operating Line of Credit can help finance supplies, inventory, equipment purchases, and more.
For more information contact:
David Thompson
Mankato
david.thompson@minnstarbank.com
Randy Swenson
Mankato
randy.swenson@minnstarbank.com
Tom Evensvold
Good Thunder
tom.evensvold@minnstarbank.com
Steve Mangskau
Lake Crystal
steve.mangskau@minnstarbank.com
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Other Business Loan programs |
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MinnStar Bank also works with the Small Business Administration (SBA), Region 9, the Small Business Development Center, the Rural Center for Enterprise Facilitation along with many other. One of these programs may be an option for your new or existing business.
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