Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Olympia Fields, Illinois

 
Loan Census SBA Loan Info

I need a loan for my business in Olympia Fields, 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 Olympia Fields, Illinois, we've put together a list of local small business banks that you should contact.

Local Olympia Fields Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Financial  
Bankfinancial, FSB 6

Other Lending Resources for Olympia Fields Businesses

This is a list of banks outside of Olympia Fields, Illinois that have provided SBA loans to Olympia Fields 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
Business Loan Center, LLC
Panama City Beach, FL
3
Capital One Bank (usa)
Glen Allen, VA
1
Comerica Bank
Dallas, TX
1
Harris National Association
Chicago, IL
1
Innovative Bank
Oakland, CA
4
Jpmorgan Chase Bank
Houston, TX
1
Lasalle Bank
Chicago, IL
1
Newtek Small Business Finance Inc.
New York, NY
1
Rbs Citizens
Providence, RI
6

Business Loan Advice for Olympia Fields Businesses

Prior to contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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

Having a business plan is is critically important. If the capital is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee 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 to guarantee the loan 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 participate in the financial assistance programs available through the SBA. Before meeting with the 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

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Bank Credit Lines.

Business Loan Sources for Other Cities in Illinois
Get a Business Loan in Olney
Get a Business Loan in Orland Park

Browse All Business Loan Sources for Illinois