Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Elk Grove Village, Illinois Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Elk Grove Village, Illinois are available. You just need to talk to the right bank.

If you are looking for a small business loan and your business is based in Elk Grove Village, Illinois, we've assembled a list of local small business banks that you should contact.

Local Elk Grove Village Lending Resources

Without further adieu, here's our list of small business banks in Elk Grove Village.

Small Business Bank Recent SBA Loans
ABN AMRO Financial Services Inc - Elk Grove Village- Suburban- Local Brokerage Bran  
Actron Inc  
Advantage National Bank  
Bank One - Banking Centers- Elk Grove Village  
Bank One - Dominick's  
Charter One Bank - Branch Locations- Elk Grove Village  
CIB Bank - Elk Grove Village  
Citibank F S B - Full Service Financial Centers  
Citzens Community Bank  
First Amer Bank Corp 3
First American Bank 58

Business Loan Providers for Elk Grove Village Businesses

This is a list of banks outside of Elk Grove Village, Illinois that have provided SBA loans to Elk Grove Village businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Amcore Bank
Rockford, IL
1
American Chartered Bank
Schaumburg, IL
2
American Enterprise Bank
Buffalo Grove, IL
1
Banco Popular North America
New York City, NY
2
Bank Of America
Charlotte, NC
6
Business Loan Center, LLC
Richmond, VA
2
Capital One
Mclean, VA
3
Center Bank
Los Angeles, CA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
Las Vegas, NV
1
Citibank
San Francisco, CA
1
Citizens Commun Bank - Illinois
Elk Grove, IL
1
Comerica Bank
Dallas, TX
2
Fifth Third Bank
Chicago, IL
1
Fifth Third Bank
Geneva, IL
1
Fifth Third Bank
Wheaton, IL
1
First American Bank
Carpentersville, IL
5
Ge Cap. Small Business Finan Corp
St. Louis, MO
3
Harris National Association
Chicago, IL
4
Harris National Association
Rolling Meadows, IL
1
Innovative Bank
Oakland, CA
1
Integra Bank
Evansville, IN
2
Jpmorgan Chase Bank
Houston, TX
20
Lasalle Bank
Chicago, IL
5
Merrill Lynch Bank Usa
Salt Lake City, UT
1
National City Bank
Bannockburn, IL
3
National City Bank
Cleveland, OH
4
National City Bank
Indianapolis, IN
1
Park National Bank
Chicago, IL
1
Rbs Citizens
Chicago, IL
1
Rbs Citizens
Cleveland, OH
5
Rbs Citizens
Providence, RI
24
Shorebank
Bellwood, IL
2
Shorebank
Chicago, IL
1
The Foster Bank
Chicago, IL
17
U.S. Bank National Association
Cincinnati, OH
5
Union National Bank
Elgin, IL
9
Ups Capital Business Credit
Schaumburg, IL
1
Wachovia SBA Lending, Inc.
Roseville, CA
2
Wells Fargo Bank
Minneapolis, MN
1

Elk Grove Village Bank Loan Tips

Before contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the capital is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Business Incubators.

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