Lemont, Illinois Small Business Loans

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

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

Local Lemont Lending Resources

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

Small Business Bank	Recent SBA Loans
Bank One - Banking Centers- Lemont
Community Bank of Lemont

Other Lending Resources for Lemont Businesses

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

Small Business Bank	Recent SBA Loans
Banco Popular North America New York City, NY	2
Capital One Mclean, VA	5
Cit Small Business Lending Corp Livingston, NJ	1
Citibank Miami, FL	2
Fifth Third Bank Grand Rapids, MI	1
First Choice Bank Geneva, IL	1
Hanmi Bank Los Angeles, CA	1
Harris National Association Chicago, IL	1
Jpmorgan Chase Bank Houston, TX	8
Mutual Bank Naperville, IL	1
National City Bank Cleveland, OH	1
Rbs Citizens Providence, RI	2
Shorebank Bellwood, IL	1
The Foster Bank Chicago, IL	2
U.S. Bank National Association Cincinnati, OH	3
Washington Mutual Bank Henderson, NV	1
Wells Fargo Bank San Jose, CA	1

Lemont Bank Loan Tips

As a prerequisite to reaching out to banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the financing is to for a company that is already doing 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge 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 you sit down to talk with a small business banker, you may want to get up to speed 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Realistic Debt Financing Options.

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