As a business owner, you have to worry about making it through the ups and downs. Times when expenses are exceeding receivables or when you need extra capital for equipment or property. You need a champion who knows the pitfalls and problems of small business. Wintrust is a local business committed to local businesses like yours. We are right here in your community, where our decisions are made. We know what you need and what you go through every day. We offer Business Loans and Lines of Credit that can help your business.
We are ready to help you reach your business goals with our suite of loan products.
Our term loans for small businesses are up to $50,000 and have two tiers — one application only, and the second an application plus tax returns of the business and business owner(s).
Lines of Credit
We offer a Revolving Line of Credit of up to $50,000 to help with cash flow issues like those caused from a period of lower profits, slower cash collections or increased expenses. There are two tiers — one application only, and the second an application plus tax returns of the business and business owner(s).
Protect your business and credit with our Business Overdraft Protection (ODP) service. It provides a convenient safety net when a business account balance unexpectedly drops below zero. ODP protects, up to $5,000, from penalties related to drawing from an account with insufficient funds. This is an application-only process.
SBA Lending - Business
Wintrust works with the U.S. Small Business Administration (SBA) to offer government sponsored loans. If you are starting or buying a business, expanding your current business or buying real estate for your business, talk to one of our experienced bankers and see how Wintrust and the SBA can work for you.
- SBA Express Loans: amounts range between $50,000 and $350,000 and provide working capital or extra funds for equipment and real estate purchases.
- SBA 7(a) Loans: amounts range between $350,001 and $5 million and can assist with equipment or real estate purchases, partner buyouts and additional working capital.
- SBA 504 Loans: generally used for real estate or equipment purchases, can provide a lower down payment.
Benefits of SBA loans include lower down payment requirements and longer amortization schedules.
We offer a variety of MasterCard® Business Credit Cards1 designed to meet your company’s specific needs. They provide superior services and benefits to give your business an edge in streamline accounting and purchasing power.
1. Credit Cards are offered and approved by First Bancard, a division of First National Bank of Omaha.
Business Edition Mastercard
We offer a variety of Commercial Real Estate Lending solutions including commercial mortgages and construction loans. We can help you buy or refinance a commercial building, as well as finance your next construction project. You will benefit from our local decision making, personalized service and expertise.
Business Edition® MasterCard® with Maximum Rewards
With today’s economic challenges, middle-market companies need strong, experienced lenders that understand their business. Wintrust Business Credit, delivered through Wintrust Commercial Banking, specializes in creative and competitive asset-based lending. We offer revolving lines of credit on accounts receivable and inventory, as well as term loans secured by equipment and real estate.
Along with the Wintrust family of community banks, the Wintrust Business Credit team work as a cohesive unit to bring the best financial solutions to companies like yours throughout Chicago and southern Wisconsin markets. Not limited to any particular industry, Wintrust Business Credit has the financial solution designed for your specific business.
Each member of our senior management team averages over 25 years of commercial banking experience, providing business owners with a superior level of confidence that they are receiving the right financial advice for their situations. Our team of lenders will listen and understand each business’ needs and provide a senior debt structure that will allow their company to grow and prosper.
Wintrust Business Credit combines community banking, best-in-class commercial lending, and a family of strong, well capitalized banks—a winning combination for your business. We put the word “relationship” back into the commercial banking experience.
For more information about Wintrust Business Credit, please contact Wintrust Business Credit's Robert Shanahan, President, at (312) 291-2920 or Jack A. Myers, Senior Vice President, at (312) 291-2922.
Purchasing Edition® Card
At Wintrust, we offer a real commercial banking advantage over the big banks and smaller community banks in our area. We pride ourselves on local decision making and servicing of our commercial loans. Our commercial lending staff is well versed in all aspects of corporate finance and they provide a customer-focused approach to banking. We are capable of providing for the credit needs of a wide variety of commercial customers. We offer a full line of credit products including:
- Commercial Real Estate Loans, including commercial mortgages and construction loans.
- Asset-Based Lending against inventory, equipment, accounts receivable and buildings.
- Equipment Financing
- Term Loans
- Lines of Credit
- Letters of Credit
- Commercial Property & Casualty Insurance Premium Financing
- Life Insurance Premium Financing