Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Ottawa, Illinois Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Ottawa, Illinois who are interested in getting debt financing.

Local Ottawa Lenders

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

Small Business Bank Recent SBA Loans
Centrue Bank 12
Centrue Financial Corporation 1
First Federal Savings Bank  

SBA Lenders for Ottawa Businesses

Be sure to speak with bankers outside of Ottawa, Illinois. These banks, in the table below, have lent to other Ottawa small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Small Business Bank Recent SBA Loans
Amcore Bank
Rockford, IL
4
Capital One
Mclean, VA
1
Centrue Bank
Streator, IL
8
First Bank
Swansea, IL
1
Innovative Bank
Oakland, CA
2
National City Bank
Bannockburn, IL
2
Superior Financial Group, LLC
Walnut Creek, CA
1
U.S. Bank National Association
Cincinnati, OH
1
Wachovia SBA Lending, Inc.
Roseville, CA
2

Ottawa Business Loan Advice

Getting a bank loan is one of the most common sources of funding for a small business, but finding financing is not a slam dunk.

Improve your odds by talking to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.

By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get very competitive loan terms.

Remember, before visiting with local small business banks, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

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 Angel Investors.

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