As your community bank, we look forward to helping you and your business in achieving your financial goals with decisions made locally. We take a customized solutions approach to financing. We’ll sit down with you and your management team to determine the appropriate financing and cash management solutions specifically for your business and industry.
Use your working capital line of credit to manage your cash flow or whenever funds are needed. Borrow from your business line of credit for a variety of short-term or ongoing uses.
If your business depends on specialized commercial equipment, we can provide the right commercial financing option whether you are a start-up business or an established business in need of an equipment upgrade.
PeopleFirstBank offers financing solutions for owner-occupants on a variety of commercial properties including commercial office buildings, industrial, retail, and multi-family properties.
If you’ve decided that your facilities are now too small for your business needs, you may want to look into a business expansion loan with PeopleFirstBank. Let us help you implement your long range plans and make your business larger.
Manage your day to day business expenses more effectively with the PeopleFirstBank Visa Business Credit Card. Choose from individual statements for each employee for easy tracking or consolidated billing to allow account usage to roll into one control account.
No lending institution is more committed to the local business community than PeopleFirstBank. We’ve had the opportunity to work with many Will County businesses and are committed to providing you with the individualized service that only a community banker can provide. There are several types of SBA loans; the most common is the 7(a) Loan Guaranty Program. With a 7(a) loan you can start a new business, or strengthen your existing business through:
- Expanding or renovating facilities
- Purchasing machinery, equipment, fixtures and funding leasehold improvements
- Financing receivables and augmenting working capital
- Refinancing existing debt
- Purchasing major fixed assets such as land and buildings
- Expansion of exports
In addition to the 7(a) loan program, PeopleFirstBank offers other SBA Loans such as the 504 Certified Development Company Loan Program, a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing for needs such as:
- Refinancing to long term fixed rates
- Land and building acquisition
- Construction and renovation
- Purchase of heavy machinery or equipment