Old Second

 
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Lending Solutions

When you own a business, you often need to take credit--not just for what you do, but for what you’d like to do in the future. That’s where we come in. At Old Second, we offer a wide range of credit options to help you grow into the business you want to become.

Loan Options

  • Working Capital Financing

    With Old Second, you’ll have a source of funds you may draw on as needed, with terms designed around your objectives. Or, you may qualify for a more-structured SBA loan.

    Line of Credit: Secure funding for times when you need it and with terms structured around your cash-flow cycle.

    SBA Loan*: For companies that qualify, SBA loans can include lower down payments and longer financing terms. As an SBA Preferred Lender, Old Second can approve an SBA loan more quickly than other lenders.

    • SBA 504 Program
    • SBA 7A Program
    • SBA Low Doc Program

    *The Small Business Administration, (SBA) is an office of the federal government. It was created to assist small businesses (as defined by the Small Business Act). Their intent was to increase the ability to compete in international markets by enhancing their ability to export, facilitate technology transfers and compete effectively and efficiently against imports. With the help of the SBA office, we can offer loans to small businesses that might not have the ability to obtain a conventional loan.

    For more information, please visit the SBA website at www.sba.gov.

  • Equipment Financing

    We offer flexible equipment financing solutions designed to address your company’s needs.

    Line of Credit: Secure funding for times when you need it and with terms structured around your cash-flow cycle.
    Letter of Credit: When your deal requires an extra level of comfort—a guarantee of either your future performance under a contract or that of a vendor’s—we can provide a variety of options for closing your deal to the satisfaction of all involved parties.
    Business Term Loan:     Customized financing, with fixed dollar amounts and set payback terms, to meet your business objectives.
    SBA Loan*: For companies that qualify, SBA loans can include lower down payments and longer financing terms. As an SBA Preferred Lender, Old Second can approve an SBA loan more quickly than other lenders.
    • SBA 504 Program
    • SBA 7A Program
    • SBA Low Doc Program

    *The Small Business Administration, (SBA) is an office of the federal government. It was created to assist small businesses (as defined by the Small Business Act). Their intent was to increase the ability to compete in international markets by enhancing their ability to export, facilitate technology transfers and compete effectively and efficiently against imports. With the help of the SBA office, we can offer loans to small businesses that might not have the ability to obtain a conventional loan.

    For more information, please visit the SBA website at www.sba.gov.

  • Acquisition and Real Estate Financing

    When the opportunity arises to purchase a competitor’s location or expand your operations, Old Second can help you seize those opportunities with flexible, competitive financing.

    Business Real Estate Loan: Old Second can structure permanent financing on your company’s real estate holdings with competitive terms tailored to your specific needs.

  • Construction Financing

    When you want to expand or relocate your business with new construction, turn to Old Second for a customized loan.

    Construction Loan: Old Second’s lending professionals can put together a competitive construction loan and permanent mortgage finance package.