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The First National Bank of Ottawa. Morris National Bank and Trust. Streator National Bank. Yorkville National Bank and Trust. Over 150 Years of Putting Our Customers 1st.

Competitive Loan Options for our Commercial Customers

Commercial Lines of Credit

An established funding amount for a business whereby funds can be drawn as needed.

  • Payment is made based on funds used rather than complete amount available
  • Credit is pre-authorized and does not need additional approval each time funds are drawn up to the limit of line
  • Finance short term working capital needs
  • Terms and availability are determined by the type of collateral, financial strength of business and other factors
  • Subject to credit approval

Commercial Loans

Loans of varying purposes made to businesses.

  • Funds available to improve cash flow management and business, and may be used for longer term needs when short term cash flow is sufficient
  • Terms of loans vary by collateral, type of business, financial strength of client and projected use of funds.

Commercial Construction and Development Loans

A business loan that is secured by an interest in either residential or real estate property.

  • Funding may include loans on vacant land, construction and development
  • Loan terms are customized for the intended use of the land being purchased.
  • Loan pricing based on financial strength of client, loan-to-value of the transaction, and the risk inherent in the project

Real Estate Loans

A business loan where funds are used to acquire, refinance or invest in real estate property.

  • Custom tailored loan programs for raw land, improved vacant land, and improved property
  • Loan is secured by a mortgage on the property
  • Government assisted programs are available
  • Financial strength of borrower, type of collateral, business history and other matters

Letters of Credit

A letter for the client's supplier to guarantee payment of credit.

  • Process resembles the loan approval process
  • Terms of the letter can be custom designed to meet both client and supplier needs
  • Provides low cost reserve and may avoid or defer the interest cost of financing trade purchases
  • Payment to supplier is guaranteed (subject to credit approval)

Meet Our Commercial Lenders

Bill Vogel

NMLS #894539

Chief Lending Officer

Ottawa Main Bank

Kevin Hughes

Agriculture and Commercial Loan Officer

Ottawa Main Bank

Jim Blalock

NMLS #894543

Commercial Loan Officer

Morris National Bank and Trust

John Swanson

NMLS #894541

Commercial Loan Officer

Streator National Bank

John Armstrong

NMLS #1172831


Ottawa Main Bank

Joe Knott

NMLS #1625926

Commercial Lender

Yorkville National Bank and Trust

Jeffery Main

Commercial Lender

Northern Bank and Trust – Maple Park