Loans

Real Estate Loans

Pioneer Bank is one of southern Minnesota’s most active and successful mortgage lenders. Conventional, VA, United States Rural Development guaranteed loans, MHFA First Time Home Buyer loans, MHFA home improvement loans, conventional loans with private mortgage insurance, and a variety of home equity loans including an attractive line of credit are all available at Pioneer Bank. Whether it is a purchase, refinance or improvement and no matter where your home is located, we can help with your mortgage financing.

Consumer Loans

Car loans, vacation loans, education loans and home improvement loans are only some of the consumer loan opportunities available at Pioneer Bank. Any of our six offices can help you realize your dreams. Flexible terms, a variety of loan programs and a quick answer to your loan request await you. Contact us today!

Commercial Loans

Pioneer Bank provides financing to nearly every kind of business including retailers, manufacturers, contractors, service providers, truckers, professionals and home based businesses.

Our experienced commercial lenders have developed comprehensive loan relationships with businesses utilizing a wide variety of resources including the Small Business Administration (7a, and 504 programs), United States Rural Development, regional certified development corporations, the Minnesota Department of Employment and Economic Development, and local, county and regional revolving loan funds.

Start-ups, acquisitions, expansions, fixed asset replacement and seasonal financing needs are among the types of loans available from Pioneer Bank.

Our diverse menu of loan products includes:

Revolving operating/inventory lines of credit
Term equipment loans and leases
Irrevocable letters of credit
Commercial real estate loans
Construction financing

Pioneer Bank consistently ranks near the top of all banks in Minnesota for the number of loans made to small businesses.

Agricultural Loans

Some of the world’s richest farmland lies in southern Minnesota and northern Iowa. Since its charter in 1903, Pioneer Bank has practiced a commitment to agricultural producers through innovative products and experienced lending personnel.

Decades of working closely with local cooperatives, farm management consultants and the Farm Service Agency (FSA) have helped Pioneer Bank develop a reputation of creativity and cooperation that is unparalleled in the region.

Crop production, feeder livestock, dairy and poultry are among the enterprises financed by Pioneer Bank with a variety of loan programs:

Annual operating lines of credit
Machinery term loans
Fixed rate and variable rate real estate loans
Approved Ag Best lender
FSA guaranteed loans