Business Loans & Lines of Credit

Business lending with a focus on you
Pioneer is a community partner in the truest sense, making decisions based on our individual customers, not just their portfolios. We understand that a loan application doesn't always tell the whole story, which is why we take the time to listen and consider your particular needs in the approval process. Every member of our local team works for you - from our lending officers and support teams to our branch managers and tellers.  Stop into one of our convenient locations and speak with a representative today!

Express Lending Options

With Pioneer's express small business lending options, you can go from completed application to funding in as little as two business days to make the necessary investments in your business. 

Conventional Lending Options

Ask about commercial mortgages and commercial real estate financing:
  • Fixed and Adjustable Rate Mortgages
  • Competitive interest rates
  • Flexible terms and personalized solutions
  • Title Insurance service available
  • Construction loans and financing
Ask about Pioneer's commercial real estate construction loans:
  • Competitive interest rates and flexible terms
  • Commercial Real Estate Construction loans and financing
  • Land Acquisition and Development loans
  • Builder financing
Ask about Business Term & Equipment Loans from Pioneer:
  • Term Loans for long-term financing needs
  • Equipment loans to purchase essential equipment
  • Financing for new or used vehicles
Ask about Pioneer's Business Line of Credit:
  • Flexible revolving credit lines to fit your business
  • Competitive rates and flexible term options

Alternative Lending Options

Pioneer provides access to alternative funding options from $50,000 to $25 million through the Small Business Administration (SBA), US Department of Agriculture (USDA), and Community Loan Fund. Funds may be used for working capital, purchasing or starting a business, obtaining equipment, construction, debt refinancing, or other needs. Eligibility requirements apply.

Loan amounts between $50,000 - $5 million with interest rate negotiated between borrower and lender.

Who’s eligible?

  • For-profit businesses
  • Businesses with reasonable invested equity
  • Businesses that use alternative financial resources, including personal assets, before seeking financial assistance

How can an SBA – 7(a) loan be used?

  • Purchase machinery, equipment, supplies, furniture, fixtures
  • Make lease-hold improvements or expand or renovate facilities
  • Purchase permanent working capital and/or inventory
  • Acquire a business
  • Start a business
  • Acquire land and build a location
  • Refinance certain existing debt

Loan amounts between $100,000 - $5.5 million with fixed interest set at closing.

Who’s eligible?

  • Businesses that operate for profit
  • Businesses with at least 10% equity injection for most requests
  • Businesses that use alternative financial resources, including personal assets, before seeking financial assistance

How can an SBA – 501 loan be used?

  • Purchase or renovate capital assets (land, buildings, equipment)
  • Refinancing permitted

Loan amount of a maximum of $50,000 with the interest rate set by the lender.

Who’s eligible?

  • Small businesses
  • Certain non-profit childcare centers
  • At the discretion of our lending partners

How can an SBA – Microloan be used?

  • Purchase working capital
  • Purchase furniture, fixtures, supplies, materials, equipment

Loan amounts of a maximum of $25 million, with interest set by the lender.

Who’s eligible?

  • Based on geographical location; speak with an SBA Relationship Manager to discuss eligibility
  • Available to for-profit and non-profit entities
  • Some industries are excluded (ie: golf courses, gambling)

How can a USDA loan be used?

  • Purchase or construction of real estate
  • Purchase or install machinery and equipment, supplies and inventory
  • Debt refinancing
  • Business acquisitions
  • Business growth or modernization

Fixed loan payments and amounts of a maximum of:

  • $25,000 for start-ups
  • $50,000 for businesses operating for 1 year or more
  • $500,000 for non-profits

Who’s eligible?

  • Women-owned
  • Minority-owned
  • Low-income borrowers
  • Non-profits

How can a loan from the Community Loan Fund be used?

  • Purchase or renovate real estate
  • Purchase or install machinery and equipment, inventory
  • Assist with cash flow or working capital
  • Invest in green technology or sustainability

Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options and are subject to program terms.