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Business Loans

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owners standing in front of Lamoni Livestock building front

Lending Solutions for Local Business Owners

Every business needs help along the way. From new small businesses that are just trying to get their start, to established businesses looking to expand, American State Bank can provide the business loans that will help you reach the goals you have for your business. We know that no two businesses are the same, so our business lenders will sit down with you to figure out which loan option is the right choice for your business. To get the process started, please contact us to speak with our lending team.

Contact Us


Business Loans We Offer

Each business loan at ASB begins with a conversation. Once we’ve sat down with you, we’ll give you the options for which loan is the best for you. Check out the loans we offer below.

Loan TypeDescription
Small Business LoansWe offer loans to small business owners to help them with their needs. We partner with the Small Business Administration to help small business owners overcome some of the barriers associated with starting a business. 
Operating Lines of CreditMake sure you can cover expenses for your businesses with an operating line of credit that will allow you to maintain a steady cash flow.
Equipment and Capital Improvement LoansGrowing your business requires capital. Whether you are looking to expand or maintain your operation, an equipment or capital improvement loan can help.
Commercial Real Estate LoanWe offer loans to help purchase or renovate income-producing properties or refinance real estate debt on a property you already own. We provide financing for multiple real estate purchases: both owner and non-owner occupied.

Meet Our Lenders

  • Kevin Klemesrud

    Kevin Klemesrud

    President & CEO

    Business/Ag Lending, Executive

    NMLS: 473309

    Osceola - Jeffreys Drive Office

    Phone: (641) 342-2175

    Contact Me
  • Matt Ritchey

    Matt Ritchey

    Executive Vice President, Chief Credit Officer

    Business/Ag Lending, Executive

    NMLS: 1148570

    Osceola - Jeffreys Drive Office

    Phone: (641) 342-2175

    Contact Me
  • Ethan Abbott

    Ethan Abbott

    Vice President, Loan Officer

    Business/Ag Lending, Personal Lending

    NMLS: 1584800

    Osceola - Jeffreys Drive Office

    Phone: (641) 342-2175

    Contact Me
  • John Henderson

    John Henderson

    Senior Vice President, Senior Loan Officer & Market Developer

    Business/Ag Lending, Personal Lending

    NMLS: 800309

    Lamoni Office

    Phone: (641) 784-3120

    Contact Me
  • Alysha Van Laar

    Alysha Van Laar

    Vice President, Loan Officer

    Business/Ag Lending, Mortgage Lending, Personal Lending

    NMLS: 1252837

    Lamoni Office

    Phone: (641) 784-3120

    Contact Me
  • Bill Dickey

    Bill Dickey

    Vice President, Loan Officer

    Business/Ag Lending, Personal Lending

    NMLS: 405584

    Winterset Office

    Phone: (515) 462-5090

    Contact Me