Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Belleville, Illinois

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Belleville, Illinois, we've put together a list of local small business banks that you should contact.

Local Belleville Lenders

Without further adieu, here's our list of small business banks in Belleville.

Small Business Bank Recent SBA Loans
Associated Bank 10
Banc Of America Investment Services- Inc  
Bank Of America  
Bank Of Belleville 8
Catholic & Community Credit Union  
First Bank 2
Peoples National Bank 1
Regions Bank 6
Southwest Bank Of St. Louis 3

Banks that Lend to Belleville Businesses

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

Small Business Bank Recent SBA Loans
Associated Bank
Glen Carbon, IL
1
Associated Bank
Green Bay, WI
10
Associated Bank
Rockford, IL
1
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
9
Capital One
Mclean, VA
3
Centrue Bank
Fairview Heights, IL
1
Cit Small Business Lending Corp
Golden, CO
1
Cit Small Business Lending Corp
Livingston, NJ
2
Commerce Bank
Kansas City, MO
9
Community First Bank
Fairview Heights, IL
1
First Bank
Swansea, IL
9
First Clover Leaf Bank
Edwardsville, IL
3
Innovative Bank
Oakland, CA
9
Partners Bank
Glen Carbon, IL
1
Peoples National Bank
Centralia, IL
1
Peoples National Bank
Swansea, IL
1
Regions Bank
Birmingham, AL
2
Regions Bank
Memphis, TN
2
Superior Financial Group, LLC
Walnut Creek, CA
1
U.S. Bank National Association
Cincinnati, OH
26
U.S. Bank National Association
San Diego, CA
2
Umb Bank
Kansas City, MO
1
Wachovia SBA Lending, Inc.
Roseville, CA
2

Business Loan Advice for Belleville Businesses

Before meeting with banks for a loan, you will need to develop the specifics of your loan request.

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

Being able to present a well-written business plan is is critically important. If the financing is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 your individual retirement account or pension plan. 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 are SBA lenders. 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

Our Gaebler.com site is devoted to aiding small business owners, and we have a lot of resources related to to Raising Money. For example, we recommend you read Business Cash Advances.

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