Business Loans and Lines of Credit
Standard Bank is all about solutions. When you're a locally owned, neighborhood bank for over 60 years, you get to know the people in the neighborhood, and the challenges they face each day.
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Business Lines of Credit
With a Standard Bank Line of Credit, your business can meet any short-term cash flow need, whenever it is required. Whether your business is seasonal in nature, experiences an unexpected shortfall of cash, or has a need to finance payables that fluctuate, a Standard Bank Line of Credit will give you peace of mind.
Business Letters of Credit
A Letter of Credit from Standard Bank helps your business demonstrate its credit-worthiness to suppliers, enabling you to quickly obtain credit for the goods and services your business purchases, whether domestic or abroad. A Letter of Credit can be a valued addition to your business.
Business Installment Loans
A Business Installment Loan helps you secure the funds you need to make your business a success. Standard Bank customers benefit from these loans to finance equipment or other capital goods, obtain a base of working capital or consolidate other business debt.
Installment loans can be secured with many different asset options, and your Standard Bank Officer will work with you to design the perfect loan for your business.
Construction and Land Development
Standard Bank’s Construction and Land Development Loans and Lines of Credit are the perfect solutions for real estate developers seeking to develop a commercial or residential property, or companies seeking to build a new facility. If desired, construction loans can be bundled with a commercial mortgage to enable the business to begin the mortgage process once the property is complete, without another loan closing.
By taking advantage of Standard Bank’s commercial mortgages, your business may be able to turn rent payments into equity, reduce monthly payments or benefit from potential tax advantages. Businesses that currently own their facility can also elect to unlock that equity to finance capital expenditures or growth.
Ready to buy a business or professional practice? Standard Bank has the solution. Our Officers can help you create the financing program to help you succeed. Just call Standard Bank, or visit any branch to learn more.
To discuss lending options and find the account that is right for you, simply call Standard Bank toll-free at 866-499-BANK (2265) or visit any of our many branches throughout the Chicagoland and Northwest Indiana area.