Chicago Business Loans

Looking for business financing in Chicago? We offer flexible options for new and established companies whether you need fast working capital or a longer term solution to scale. Our Chicago business loans help you cover payroll, buy inventory, upgrade equipment, or open a new location without slowing down operations.

Chicago Business Loans

Our programs are built for Chicago entrepreneurs who want simple applications, clear terms, and quick decisions. Whether you’re trying to get a business loan in Chicago or need a short-term boost to manage cash flow, you can apply online and move forward fast. Competitive rates, practical limits, and repayment schedules that match your revenue make it easier to plan and grow.

If you’re facing a time-sensitive opportunity seasonal demand, a bulk purchase, a marketing push we can help you access funds with minimal friction. From small bites of working capital to larger financing for expansion, we tailor the structure to your goals.

Minimum Requirements for Business Funding in Chicago

To be eligible for a commercial loan in Chicago, meet these basics:

Minimum Revenue	$10,000 / month
Length in Business	5 months or more
Ownership %	Minimum of 51% Ownership
Personal Credit	US FICO 500+

Types of Small Business Loans in Chicago

Small Business Loan

Straightforward term financing for growth, staffing, or day-to-day expenses. Borrow a lump sum with set payments and a clear payoff timeline. Predictable rates make planning simple, and many offers allow prepayment when cash flow improves.

Merchant Cash Advance

Advance capital against future card sales. Useful when you need funds quickly and prefer remittances that flex with your revenue. Decisions arrive fast (often 24–48 hours); costs are shown as a factor rate with a small daily/weekly holdback from batches.

Business Line of Credit

Draw what you need, when you need it. Repay and reuse the line without reapplying ideal for managing gaps in cash flow, covering invoices, or jumping on supplier discounts. You pay interest only on the amount drawn, not the entire limit.

Collateral Loans

Use equipment, vehicles, or other assets to secure a larger amount or a lower rate. Great for expansions and major purchases, with longer terms that keep payments manageable. Lenders can pay vendors directly so gear ships without delay.

Bad Credit Business Loans

Less-than-perfect credit doesn’t end the conversation. We look at business performance, bank deposits, and time in business to find a workable path to funding. Start with a practical option today, build history, and graduate to better terms or SBA over time.

Chicago Loan Services

Running a business in Chicago comes with real-world costs permits, staffing, inventory, rent. Our team sets up financing to match those realities. Expect a streamlined application, fast reviews, and offers you can compare side-by-side. Choose fixed payments or more flexible options, and pick a term that fits your cash cycle.

We support a wide range of uses: working capital, equipment, inventory buys, renovations, and expansion. If you know what you need, we’ll help you finance it. If you’re still weighing options, we’ll outline scenarios so you can decide confidently.

Who We Serve

Frequently Asked Questions

What is the process for getting a business loan in Chicago?

Apply online, connect recent bank statements, and upload core docs (government ID, EIN/SSN, voided check). We review fast, share offers to compare, and fund after final checks.

What are the repayment terms for a business loan?

Terms vary by product typically 6–24 months for working-capital loans and up to 36+ months for larger needs. Payments can be fixed weekly/biweekly/monthly or tied to daily card sales.

Can I apply for a business loan if my credit score is low?

Yes. We consider revenue, time in business, and cash flow. Many programs accept FICO 500+, and stronger deposits can offset lower scores.

What are the eligibility requirements for a business loan in Chicago?

At least 5 months in business, $10,000+ in monthly revenue, 51% ownership, and a valid U.S. ID and business bank account. Additional documents may be requested during underwriting.

Chicago Business Loans