For more information give us a call (815) 724-2020 or contact us through this link.
One Mid America Plaza, Suite 140
Oakbrook Terrace, IL 60181
M&M Bank is a proud participating SBA lender, which allows us to help you access these valuable government programs. SBA Loans are ideal for businesses throughout their life-cycles, whether you are starting up or expanding, ask us how M&M Bank and the SBA can make your vision a reality.
Small businesses by SBA guidelines are generally companies with less than $3 million in after-tax profits and less than $8 million in equity. Below is an overview of the SBA programs that Merchants and Manufacturers Bank offers.
CDC/504 Loan Program:
This program provides long-term, fixed-rate financing to acquire fixed assets (such as real estate or equipment) for expansion or modernization. It is designed for small businesses requiring "brick and mortar" financing, and is delivered by CDCs (Certified Development Companies) which are private, non-profit corporations set up to contribute to the economic development of their communities. M&M Bank is proud to work with Small Business Growth Corporation, the largest Certified Development Company in the Midwest, to provide 504 loans.
7(a) Loan Program:
This is SBA's primary and most flexible loan program, with financing guaranteed for a variety of general business purposes. It is designed for start-up and existing businesses, and is delivered through commercial lending institutions.
The major types of 7(a) loans are:
Give us a call today or stop by one of our convenient branches to learn more about SBA loans at M&M Bank.