Finding Commercial Loans in Illinois

Commercial loans in Illinois allow businesses the ability to get capital from lenders to help their business succeed, expand, or even to provide start-up funding.


Often when borrowers think about commercial loans, they think of high interest rates, and long evaluation process. But this doesn't have to be the case for your business.


There are several options when it comes to business loans and understanding which is best for your situation is the key to applying to the right lender.


Most businesses think of traditional banks and financial institutions as their only means for finding a commercial loan.


Although there are other types of lenders, particularly private lenders, that have a different evaluation process and criteria. 


Bridge Loans in Illinois

Bridge loans are another option for commercial loans in Illinois, and a way private lenders can assist your business.


Bridge loans provide your business with funding to stay afloat as you await your primary funding, or a more permanent situation.


Private lenders will consider higher risk borrowers when traditional banks and other financial institutions won't. They understand the difficulty in the overall approval process and have different criteria, based on their own guidelines.


And they also reduce the approval process by a significant amount.


If you are looking for a bridge loan in Illinois, then using a private lender is a great avenue to consider.


You can get approved within a matter of days, instead of the months it can take with a traditional bank  or financial institution.


Construction Loans in Illinois

Construction loans are the solution for funding your development, or construction project.


Construction loans are also known as “story loans,” which simply means that the lender largely decides its approval based on whether or not they believe in the viability of your project.


You should have a well thought-out and sound plan, and show the lender why investing in your project is attractive, and how you will pay them back at completion of the project.


Construction loans are short-term loans so they are generally paid within 6 months to a year.



Illinois Geographical & Regional Information


Illinois is ranked 25th in size in the United States. The population is over 12 million residents and is known as “The Prairie State”.  


The state is over 210 miles wide and 395 miles long, which makes it 5th in density in the nation. 


Although Springfield is the states' capitol, Chicago is its most populated city. Illinois manufacturing companies have over 38% of the commerce for the entire state. The states' commerce brings in over $107 billion in total annually.


Chicago

Peoria

Decatur

Aurora

Elgin

Arlington Heights

Rockford

Waukegan

Evanston


Joliet

Cierero

Schaumburg

Naperville

Champaign

Bolingbrook

Springfield

Bloomington

Palatino


Private Lenders in Illinois

There are some options to getting commercial loans in Illinois, and finding the right one is a very important part of the process.


Particularly, when it comes to finding private lenders in Illinois, the consultants

at Business-Funding-Advisors.com are here to help you.


With our extensive network of private lenders, we can find the best solution for commercial loans in Illinois, and for your particular business.


Whether you're needing a hard money loan, construction or bridge loan, fill out our quick form below.


One of our consultants will contact you within 24 hours.



QUICK COMMERCIAL LOAN APPLICATION


We provide FREE, no obligation evaluations, with no upfront costs, or expensive fees for approval to our private lender programs.


- Minimum loan amounts (for commercial building projects): $100K with no maximum.


(Loans approved for commercial only, not single-family residential projects.)


- No pre-payment penalties on programs offered.


We will respond to your loan application within 24 hours!


Commercial Loan App

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Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

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Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

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Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

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Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

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Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

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Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

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Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

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Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

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Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

_________________________


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