Small Business Financing in Chicago, IL
Chicago, IL has one of the most diverse business landscapes in the country. Entrepreneurs span almost every industry from manufacturing to retail, tech startups, daycare, healthcare, franchises, and everything in between. At Commercial One Group, we offer SBA loans to new and growing businesses of all types throughout the Chicago area. We understand that local businesses need access to funding without obstacles and red tape, which is why our team works directly with entrepreneurs to make the process as easy and efficient as possible. Our SBA 7a and 504 loan programs have a variety of applications, such as:
- Working capital
- Commercial real estate
- Business acquisitions and mergers
- Refinancing existing debt
- Acquiring business equipment and large assets
SBA 7a and 504 loans from Commercial One Group feature the following benefits to small business owners in Chicago, IL:
- Financing up to $5 million
- Terms up to 25 years
- Low interest rates
- No prepayment penalties
- LTV up to 90%
- Fixed and variable options available
- No balloon payments
SBA Financing for Commercial Real Estate in Chicago, IL
Whether you are looking to acquire new facilities for your business in Chicago, or if you need commercial real estate for another revenue-generating purpose, Commercial One Group offers SBA loan programs for a wide range of property types, including but not limited to:
- Automobile dealerships and repair shops
- Child care and daycare centers
- Convenience stores
- Franchises
- Gas stations
- Hotels and motels
- Light industrial
- Medical, dental, and veterinary facilities
- Mixed use
- Office space
- Owner-occupied
- Restaurants and entertainment venues
- Retail stores
- Self-storage
- Warehouses
SBA Loans for Equipment and Assets for Businesses in Chicago, IL
SBA 7a and 504 loans can be used by small businesses in Chicago, IL to acquire equipment and assets such as:
- Automotive tools and repair equipment
- Computers, tablets, smartphones, servers, and other IT equipment
- Delivery trucks and vans
- Diagnostic machinery
- Dry cleaning equipment
- Industrial machinery
- Manufacturing tools and machinery
- Medical, dental, and veterinary equipment
- Publishing and book binding machinery
- Restaurant appliances and tools
- Software licenses
- Trucks and trucking equipment
SBA Loans for Business Mergers and Acquisitions in Chicago, IL
Commercial One Group offers SBA loans to businesses in Chicago that want to expand their operations through mergers and acquisitions. We know that growth opportunities can be complex, delicate, and time-sensitive, so we process SBA loan requests quickly so funds can be made available as soon as possible. Our SBA loans for mergers and acquisitions in Chicago, IL include:
- LTV up to 80%
- Approvals in as fast as two days
- No prepayment penalties
- No balloon payments
- Full amortization
Get the Funding Your Small Business Needs
Commercial One Group is a locally owned and operated firm in Chicago, IL. We are committed to serving the needs of small businesses throughout Chicago so that local entrepreneurs can achieve long-term success. Contact us today to learn more about our SBA loan programs.