Small Business Loans In Chicago, IL

The South Suburban Small Business Association (SSSBA) and the National Association of Women Business Owners (NAWBO) both offer exhaustive information on how to prepare to apply for small business loans in Chicago, IL. Oakwood Commercial Capital Group turns theory into practice by providing the best small business loans in Chicago, IL in order to help emerging and small business owners thrive in a competitive marketplace. Our small business loans in Chicago, IL give entrepreneurs:

  • Access to working capital
  • The ability to acquire equipment
  • Financing for fixed assets
  • Funding for commercial real estate transactions
  • The ability to refinance business debt

7a Small Business Loans In Chicago, IL

Our SBA 7a small business loans in Chicago, IL provide entrepreneurs with long-term to permanent financing. In order for business owners to access the SBA 7a loan program, they must meet the following requirements:

  • Manufacturers must employ fewer than 500 people
  • Service industry businesses must have no more than 100 employees
  • Retail establishments must have less than $6 million in yearly sales

For commercial real estate transactions in Chicago, IL, properties must be at least partially occupied by the owner or borrower. Our 7a small business loans in Chicago, IL can be used to purchase, renovate, build, or refinance properties such as:

  • Franchises
  • Hotels
  • Office space
  • Gas stations
  • Start-ups
  • Warehouses
  • Single use buildings
  • Industrial facilities
  • Automotive repair
  • Retail space
  • Car washes
  • Child care centers
  • Bed and breakfast establishments
  • Manufacturing facilities
  • Self storage

Our program for SBA 7a small business loans in Chicago, IL offer benefits including:

  • Financing up to 100 percent for equipment and fixed assets
  • Financing up to 90 percent for commercial real estate transactions
  • Financing up to 80 percent for business acquisitions
  • Terms up to 25 years for commercial real estate
  • Terms up to 10 years for equipment and business acquisitions
  • Terms up to 7 years for permanent working capital
  • Loan amounts up to $5 million

504 Small Business Loans In Chicago, IL

The SBA 504 loan from Oakwood Commercial Capital program features:

  • Loan amounts up to $12 million
  • Financing up to 90 percent on commercial real estate
  • Financing up to 80 percent for equipment and fixed assets
  • Terms up to 10 years for equipment and 20 years for commercial real estate

Many local entrepreneurs use our SBA 504 small business loans in Chicago, IL for:

  • Purchasing land or existing buildings
  • Acquiring long-term machinery and equipment
  • Refinancing property up to 90 percent of the current appraised value
  • Construction and renovation of existing facilities
  • Improvements, including parking, utilities, grading, and more

Find The Best Small Business Loans In Chicago, IL

Oakwood Commercial Capital Group understands the challenges facing new and small business owners. We also know that small businesses are the foundation of our economy, here in Chicago. For these reasons and more, we are dedicated to providing the best small business loans in Chicago, IL. Contact our offices today to learn more.