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

Small Business Lenders in Northbrook, Illinois

 
Loan Census SBA Loan Info

Looking for a Northbrook, Illinois small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Northbrook Business Loan Sources

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

Small Business Bank Recent SBA Loans
ABN AMRO Northbrook  
Bank One  
Citibank F S B - Northbrook- Full Service Financial Centers- Branches  
Fifth Third Bank 1
First Bank of Highland Park  

Banks that Lend to Northbrook Businesses

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

Small Business Bank Recent SBA Loans
Associated Bank
Green Bay, WI
1
Banco Popular North America
New York City, NY
4
Bank Of America
Charlotte, NC
3
Bridgeview Bank Group
Chicago, IL
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
6
Center Bank
Los Angeles, CA
2
Fifth Third Bank
Wauconda, IL
1
Glenview State Bank
Glenview, IL
1
Hanmi Bank
Los Angeles, CA
1
Harris National Association
Chicago, IL
1
Harris National Association
Winnetka, IL
1
Innovative Bank
Oakland, CA
4
Jpmorgan Chase Bank
Houston, TX
18
Lasalle Bank
Chicago, IL
5
Libertyville Bank & Trust
Libertyville, IL
1
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Nara Bank
Los Angeles, CA
3
National City Bank
Bannockburn, IL
4
National City Bank
Cleveland, OH
3
National City Bank
Park Ridge, IL
1
Rbs Citizens
Cleveland, OH
2
Rbs Citizens
Providence, RI
4
State Bank Of The Lakes
Antioch, IL
1
Superior Financial Group, LLC
Walnut Creek, CA
2
Temecula Valley Bank
Temecula, CA
1
The Foster Bank
Chicago, IL
9
U.S. Bank National Association
Cincinnati, OH
4
Union National Bank
Elgin, IL
4
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
4

Business Loan Advice for Northbrook Businesses

Prior to reaching out to banks for a 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the bank loan is to for a going concern, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 meeting with the banker, 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

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