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Morton Community Bank loans review

This rural Illinois lender offers programs tailored to local business owners and entrepreneurs.

Bottom line: This community bank offers startup financing and has a dedicated banking program for the agriculture industry. But it’s low-tech, even for a small operation.

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Business term loans, business lines of credit, equipment financing, real estate, business leasing, personal loans, vehicle loans, construction loans, home equity loans, mortgages

Types of loans available


Online applications


Types of loans availableBusiness term loans, business lines of credit, equipment financing, real estate, business leasing, personal loans, vehicle loans, construction loans, home equity loans, mortgages
Online applicationsNo
Number of branches31
Branch hoursVaries by branch, typically. 9 a.m. to 5 p.m. weekdays, 9 a.m. to noon Saturday
Customer service hoursNot stated
Customer service optionsPhone, online form
Mobile appYes
Routing number71123204

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Morton Community Bank offers the basics and then some to rural Illinois residents and small businesses. In addition to your standard term loans and credit lines, it offers a separate banking program for the agriculture industry. And it’s one of the rare banks that has a financing program for startups.

But it’s not very high tech. Its website is hard to navigate and doesn’t offer much information, even compared to other local options. And you’ll have to ask around your community to learn what kind of customer service you can expect — online customer reviews are almost nonexistent.

What is Morton Community Bank?

Morton Community Bank is a financial institution that serves rural Illinois. Its branches use the name Hometown Community Bank, but they're all a division of Morton. It offers business and personal banking basics, tailored to the areas it serves — with a special emphasis on agriculture.

What types of loans does Morton Community Bank offer?

You can find the following types of loans at the Hometown Community Bank branch near you:

  • Small business loans. Term loans to fund a one-time expense to expand your business or maintain cash flow.
  • Startup financing. Morton also runs a special program for entrepreneurs looking to get a business off the ground.
  • SBA loans. While this bank doesn't disclose the programs it offers that are backed by the Small Business Administration (SBA), financing is available.
  • Lines of credit. Access to cash as you need it for working capital expenses like buying inventory with interest-only repayments.
  • Equipment and fixed-asset financing. Funding backed by the value of the equipment or asset your business needs to buy with repayment terms based on your cashflow.
  • Business leasing. You can lease equipment, supplies and technology through Morton, rather than taking out a loan to buy it outright.
  • Agriculture vehicle loans. Financing for a tractor, pickup truck, ATV and other farmer-friendly vehicles.
  • Real estate financing. Commercial loans for land, buying or renovating new facilities, construction and more.
  • Personal loans. Term loans to cover a one-time personal expense or consolidate debt at a lower rate.
  • Personal vehicle loans. Financing for vehicles including new and used cars, trucks, motorcycles, ATVs, boats and recreational vehicles.
  • Home loans. Morton offers mortgages, home equity loans and construction financing.

How does borrowing with Morton Community Bank work?

Morton Community Bank requires business owners to set up an appointment with a commercial loan officer to get started on the application. The whole process can take a few weeks or even over a month, depending on the type of loan you receive. But usually funding becomes much faster after you've developed a relationship with the bank.

Typically they'll ask you to bring financial statements, balance statements and other documents so they can make an initial assessment of your business before moving forward. If you're applying for a startup loan, you'll likely need to bring bank statements and other personal financial documents instead.

How do I get started?

You can get started by reaching out to your local branch. Here's how to find it:

  1. Go to the Hometown Community Bank's website.
  2. Click or tap Locations.
  3. Use the map or list of branches to find a location.
  4. Call the branch phone number and ask to set up an appointment with a commercial loan officer.

Unlike most banks, this website doesn't have a search feature that lets you find the branch located closest to you.


  • Startup financing available
  • Special agriculture program
  • Mobile app available
  • Many branches open Saturdays


  • Outdated website that's hard to navigate
  • Few customer reviews

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Check out how Morton Community Bank stacks up against online business loan providers.

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Biz2Credit business loans
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$25,000 – $6,000,000
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Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
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Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

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Morton Community Bank reviews and complaints

BBB accredited No
BBB rating A+
BBB customer complaints 1 customer complaints
Yelp 5 out of 5 stars, based on 1 customer reviews
Glassdoor 3.3 out of 5 stars, based on 4 customer reviews
Indeed 3.9 out of 5 stars, based on 7 customer reviews
Customer reviews verified as of 19 November 2020

Morton Community Bank doesn't have enough online reviews to make any kind of judgment about the quality of service. You'll have to reach out to members of your local business community to see if anyone has experience with this lender.

What do employees say?

Employees at Morton Community Bank give this company mixed reviews. Some report they're understaffed or not paid fairly. These aren't great signs. Understaffed banks and those with low employee morale often lead to negative customer experiences.

What other products does it have to offer?

In addition to loans, you might want to take advantage of the following products for your business — or yourself:

  • ACH and payroll services
  • Business Sweep accounts
  • Cash management
  • CDs
  • Commercial and agriculture money market accounts
  • Employee benefit packages
  • Employee retirement plans
  • Farm management services
  • Health Savings accounts
  • Insurance services
  • Merchant services
  • Multiple checking and savings accounts
  • Wealth management

Morton Community Bank history

Morton Community Bank was founded in Morton, Illinois in 1960. Since then, it's expanded to serve a larger community, mostly by merging with other local banks and financial institutions. Over the past five years, it's acquired State Bank of Speer, State Bank of Arthur, David Vaughan Investments and Heritage Bank of Central Illinois. Currently, it's in the process of merging with First Trust and Savings Bank.

Bottom line

Morton Community Bank could be a good option for agricultural businesses and entrepreneurs of all stripes. But see how it compares to our picks for top lenders before you sign up.

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