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

Lombard, Illinois Business Loan

 
Loan Census SBA Loan Info

Raising money in Lombard, Illinois? If so, you'll want to talk to some of these small business lenders in Lombard.

This article is written specifically for small business proprietors in Lombard, Illinois who are interested in getting debt financing.

Local Lombard Banks

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

Small Business Bank Recent SBA Loans
Bank One - Banking Centers- Oak Brook  
Charter One Bank - Branch Locations- Lombard  
Citibank F S B - Full Service Financial Centers  
Citibank FSB  
Cole Taylor Bank  
Fifth Third Bank - Lombard Downtown Banking Center  
Fifth Third Bank - Lombard Finely Banking Center  
First Horizon Home Loans  
West Suburban Bank 3

Banks that Lend to Lombard Businesses

This is a list of banks outside of Lombard, Illinois that have provided SBA loans to Lombard 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
7
Bank Of America
Charlotte, NC
3
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Richmond, VA
1
Centrue Financial Corporation
Ottawa, IL
1
Cit Small Business Lending Corp
Livingston, NJ
3
Citibank
Miami, FL
2
Fifth Third Bank
Cincinnati, OH
1
Fifth Third Bank
Grand Rapids, MI
2
First American Bank
Carpentersville, IL
2
First Colorado National Bank
Paonia, CO
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Harris National Association
Palatine, IL
1
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Houston, TX
17
Lasalle Bank
Chicago, IL
2
Nara Bank
Los Angeles, CA
1
National City Bank
Bannockburn, IL
3
National City Bank
Cleveland, OH
2
Rbs Citizens
Providence, RI
15
Shorebank
Bellwood, IL
1
The Foster Bank
Chicago, IL
2
U.S. Bank National Association
Cincinnati, OH
2
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
1
Zions First National Bank
West Valley City, UT
1

Lombard Business Loan Advice

Before meeting with banks for a 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

Having a business plan is is critically important. If the bank loan 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 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 secure the business with your personal assets, such as your individual retirement account or pension plan. The banks will look at your personal credit report 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 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 Business Cash Advances.

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