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

Mokena, Illinois Business Loan

 
Loan Census SBA Loan Info

Looking for a Mokena, 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.

We wrote this article for small business owners in Mokena, Illinois who are interested in getting a small business loan.

Local Mokena Banks

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

Small Business Bank Recent SBA Loans
Fifth Third Bank  
First Midwest Bank 1
First National Bank - Illinois 1

Other Lending Resources for Mokena Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
2
Cathay Bank
Los Angeles, CA
1
Cit Small Business Lending Corp
Livingston, NJ
2
Fifth Third Bank
Grand Rapids, MI
1
First Midwest Bank
Joliet, IL
1
First Midwest Bank
Tinley Park, IL
1
Harris National Association
Chicago, IL
1
Heritage Bank
Frankfort, IL
1
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Houston, TX
5
Lasalle Bank
Chicago, IL
1
National City Bank
Bannockburn, IL
1
National City Bank
Cleveland, OH
2
Rbs Citizens
Providence, RI
9
Shorebank
Chicago, IL
1
The Foster Bank
Chicago, IL
3
U.S. Bank National Association
Cincinnati, OH
1
Washington Mutual Bank
Henderson, NV
3
Wells Fargo Bank
San Jose, CA
1

Mokena Business Loan Advice

As a prerequisite to contacting lenders 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 how you intend to to pay the money back to the lender.

Being able to present a well-written business plan is is critically important. If the money 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 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 are SBA lenders. 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

Gaebler.com is a site that is all about helping small business owners, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Realistic Debt Financing Options.

More Business Lender Lists for Illinois Cities
Get a Business Loan in Milan
Get a Business Loan in Moline

Browse All Business Loan Sources for Illinois