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We understand that your loan is important and that you need an answer fast.  Merchants State Bank loan officers give you the personal attention you deserve and the quick response you need.

With over 140 years of combined lending experience, our loan officers can provide you with the expertise to find the right lending options for you.

Consumer & Personal Loans

Are you getting ready to buy a new car or boat?  Need a vacation?  Do you need money for unexpected expenses?  The loan officers at Merchants State Bank can offer you financing with competitive rates and flexible terms to meet your goals.

 We will work personally with you through all stages of the lending process.  Below are some of the perks in choosing Merchants State Bank as your personal lender:

  1. Contact with a personal lender
  2. Various payment options
  3. No prepayment penalties
  4. Possible consolidation loans


Residential Real Estate & Home Improvement

Merchants State Bank can help make your dream home a reality.  Our experienced lenders will find the right home financing for you, whether that includes buying a home, building a home, or making improvements on one you already own. 

Our lenders work with you through all stages of the home-buying process, from filling out the application to the appraisal and inspection and through the closing.  Merchants State Bank prides itself on making local loan decisions on all applications.  We are not a formula lender, allowing us to offer you more lending opportunities.  Because we are a locally-owned and run bank, we can offer our services with minimal fees and little to no down payment.

Some other benefits of our lending program include in-house servicing and no prepayment penalties.

Merchants State Bank offers the following Residential Real Estate and Home Improvement loan options:

  1. Installment Loans: for home purchases, home improvements, refinancing, home equity, and manufactured housing
  2. Construction Loans: to build your home

Contact us for information on current rates and terms.

Commercial Lending

Merchants State Bank offers a wide variety of short-term and long-term financing options.  With flexible rates and terms, our loan officers can help you finance your business needs.  Utilize us as a resource, as well.  We'll help you fill out small business applications for the Small Business Administration (SBA) and fit you with a great low rate program.

With Merchants State Bank as your Commercial Lender, you'll be working with a relationship banker for all your accounts.  We offer adaptable and adjustable lending products with no prepayment penalties.  Our competent lending staff will be happy to perform a financial analysis for you, as well.

Below is a brief description of some of our Commercial Lending options:

  1. Lines of Credit: help with seasonal working capital, inventory, and accounts receivable
  2. Installment Loans: finance your machinery, vehicles, or other fixed assets
  3. Commercial Real Estate Loans: construct a building or buy a business or rental property
  4. Small Business Administration Loans: SBA-guaranteed loans can be used to finance real estate, machinery, equipment, or other business purposes
Agricultural Lending

Merchants State Bank offers a wide variety of financing options for farmers and ranchers.  Some of the purposes for which Merchants State Bank provides financing to local producers include the purchase of real estate, the completion of improvements to real estate, annual production financing, and term operating loans for the purchase of farm machinery and livestock. 

With over 140 years of combined lending experience, and many of our loan officers coming from farming backgrounds, we have the knowledge to help you find the best lending options available!  Merchants State Bank prides itself in quick, local loan decisions and easy to understand documents.

In an effort to provide the best quality financing products to our customers, Merchants State Bank has also teamed up with other entities, such as the South Dakota Department of Agriculture and the U.S.D.A. Farm Service Agency on certain projects.  By teaming up with these other entities we have been able to extend the reach of assistance we are able to provide, such as the extension of credit to beginning farmers and ranchers.  This is just a brief overview of the financial assistance provided by Merchants State Bank.  For more information, contact one of our loan officers today!

Below is a brief description of some of our agricultural loans:

  1. Lines of Credit: finance crop inputs, livestock purchases, livestock feed, or equipment repairs; repay with your grain or livestock sales
  2. Machinery Loans: installment loans for your new and used equipment purchases
  3. Farm Real Estate: installment loans for farm land purchases
  4. Farm Home Loan: loans to buy, build, or remodel your home
  5. Beginning Farmer Bond Program - a tax-exempt bond program designed to assist Beginning Farmers in the State of South Dakota to acquire agricultural property at lower interest rates
  6. Farm Service Agency Guaranteed Loans - Guaranteed Farm Ownership (FO) and Operating Loans (OL) for farmers unable to receive commercial credit on their own

Contact one of our loan officers today to find out which loan fits your financial goals.

For your convenience, we are providing several online loan calculators to assist you in your financial planning:


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