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

Galena, Illinois Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Galena, Illinois seems challenging at first, but we're here to help you get started.

If you are planning on applying for a small business loan and your business is based in Galena, Illinois, we've assembled a list of local small business banks that you should contact.

Local Galena Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Galena.

Small Business Bank Recent SBA Loans
Dupaco Community Credit Union - Galena  
Elizabeth State Bank  
First Community Bank Of  
Galena State Bank & Trust Co. 1

Business Loan Providers for Galena Businesses

Be sure to speak with bankers outside of Galena, Illinois. These banks, in the table below, have lent to other Galena small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Small Business Bank Recent SBA Loans
Business Lenders, LLC
Hartford, CT
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Community Bank Group
Reedsburg, WI
1
Dupaco Community Cu
Dubuque, IA
1
Elizabeth State Bank
Elizabeth, IL
1
U.S. Bank National Association
Cincinnati, OH
2

Galena Bank Loan Tips

Getting a bank loan is one of the most common sources of funding for a small business, but obtaining a loan is not a slam dunk.

Improve your odds by talking to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.

By meeting with all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best rate on a small business loan.

Remember, before contacting lenders, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Business Line of Credit.

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