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

Huntley, Illinois Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Huntley, Illinois! If that's what's on your mind, you've come to the right place.

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

Local Huntley Lenders

To assist you in finding a small business banker, here's our list of small business banks in Huntley.

Small Business Bank Recent SBA Loans
Bank One - Banking Centers- Huntley  
Citizens First National Bank 1
Citizen's First National Bank  
EFS Bank  
Harris National Association 6

Lenders for Huntley Businesses

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

Small Business Bank Recent SBA Loans
Associated Bank
Third Lake, IL
1
Banco Popular North America
New York City, NY
4
Bank Of America
Charlotte, NC
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
2
Community So. Bank D.b.a Commun
Parsons, TN
1
Harris National Association
Chicago, IL
1
Home St. Bank/natl Association
Crystal Lake, IL
2
Jpmorgan Chase Bank
Houston, TX
6
National City Bank
Bannockburn, IL
1
National City Bank
Clarendon Hills, IL
1
Rbs Citizens
Providence, RI
8
Shorebank
Bellwood, IL
1
U.S. Bank National Association
Cincinnati, OH
1
Union National Bank
Elgin, IL
1
Ups Capital Business Credit
Windsor, CT
1
Washington Mutual Bank
Henderson, NV
1

Huntley Bank Loan Tips

Before contacting lenders to get a bank 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, describe what the money will finance, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 these banks are SBA lenders. Prior to visiting local banks, you may want to read up on 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 serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

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