Partner with Morton Community Bank for local decision making.
You have a vision for your small business and Morton Community Bank is eager to partner with you to help you succeed. Being a Small Business Administration (SBA) designated Preferred Lender, we have experienced lenders who have a history of helping businesses succeed, regardless of size. Please contact your Hometown Lender to learn more about the various requirements for each SBA program discussed below.
SBA 7(a) Program
The SBA 7(a) Loan Guarantee program is available to provide financial assistance for small businesses. A 7(a) loan can be used for an acquisition, an expansion or renovation of certain commercial real estate, an equipment purchase, working capital and debt refinance.
SBA 504 Program
The 504 Loan program is designed to provide you financial assistance for the purchase of fixed assets, such as commercial real estate or machinery and equipment. The 504 program is an economic development program designed to promote growth and job creation.
The SBA Express program is a quick-access program designed for companies needing financing under $350,000. The program has a less complex term and offers revolving lines of credit similar to a credit card. Offering a quick turnaround time and less documentation, the program is ideal if your business needs quick access to cash.
Call 309-266-5337 to connect with a Lender near you.