$4,000 – $1,000,000
HELPING YOU GROW
Small Business Loans in Chicago
Chicago has a very well-known culture. Some of the many things Chicago is famous for are: Chicago-style hot dogs, Chicago-style (deep dish) pizza, Maxwell Street Polish Sausage, jazz music. Chicago is also known for its interesting architecture, museums, and very loyal sports fans. Chicago is a major world financial center, with the second-largest central business district in the United States.
There are more than 1.2 million small businesses operating in the state of Illinois. These businesses employ 2.5 million people, which is 45.1% of the state’s workforce and nearly 20% of the entire population. Small businesses in Chicago account for 99.6% of the state’s private enterprise, making them a vital part of Illinois’s economy.
Starting a business anywhere can be a difficult process and it’s is often hard for small business owners to find extra funding to hire more staff, expand, upgrade their equipment and software or pay out the debt. Here at Capital for Business, we provide the necessary capital to businesses that form the backbone of the U.S. economy by offering short and long-term loans with flexible terms and rates.
If a bank or a union declined your loan application, don’t dwell in despair! Capital for Business makes it easy to qualify for any type of business loan in Chicago or any other city in Illinois, whether it be an SBA loan, business line of credit, invoice factoring, working capital loans, equipment financing, or a merchant cash advance. We have cut through the red tape to make the process simple, fast, and affordable, saving you time, money, and unnecessary headaches.
Best States for Startups
What is the Best Business Loan for Your Small Business?
Whether you’re expanding your business, investing in marketing or advertising, or managing cash flow, it’s hard to grow without the right kind of small business financing.
SBA 7a loans from $30,000 – $350,000 from the Capital for Business network can be used for debt refinancing and working capital. Working capital includes operational expenses, marketing, hiring, etc. SBA loans can be used to fund new equipment purchases as well, SBA loans rate 4.75% – 7.00%
SBA Commercial Real Estate Loans from $500,000 – $5 million from the Capital for Business network can be used for the purchase or refinance of commercial real estate that is 51% owner-occupied.
Bank Term Loans
A business term loan from lenders in the Capital for Business network is between 2-5 years and loan amounts anywhere from $30,000 to $500,000
- $30,000 to $500,000 loan amounts
- 2-5 year terms
- Fixed interest rate from 7.99%
- Monthly repayments
Business Line of Credit
A business line of credit provided by Capital for Business is based on the revolving credit. That means you can use the funds over and over again. Having a business line of credit provides you with extra flexibility and peace of mind when it comes to injecting money into your daily operations. It helps you avoid downtime and make sure things are running smoothly.
- Receive up to $250k with a business line of credit
- Business lines of credit rates as low as 6%
Small Business Loans Chicago
A small business loan from our marketplace of 100+ alternative lenders will enable you to get the capital you need for your business growth. Our high approval rates mean that we say ‘Yes’ when banks say no. Our lending process which takes less than 5 minutes will not affect your fico score and we boast a 24-hour loan approval.
Working Capital Loan
Working Capital loans can help you take care of immediate needs in your business, whether that is a cash-flow shortfall or a new business opportunity. No collateral is required for our working capital loans or short-term funding, the required documentation is limited and perfect credit is not needed. Nearly every industry can get a business capital loan.
Working capital loans are perfect for business owners who need short-term funding to grow. Working capital loans are simple, fast, and affordable and are designed to help with seasonal shortcomings with revenue, or the need to boost inventory.
Business Loans for Bad Credit
we have bad credit business funding options for small business owners with bad credit. Bad credit shouldn’t affect your ability to receive a business loan so our financing advisors take look at your business revenue and potential, rather than your credit score to find alternative lending options for your business.
Merchant Cash Advance
A Merchant Cash Advance is an innovative alternative to a traditional small business loan. Capital for Business utilizes your expected future credit and debit card sales to be able to provide you with working capital so you can put your business plans into action. Instead of fixed daily payments, the repayment for an MCA Loan is completely flexible.
- Receive up to $500k with a merchant cash advance
- Factor rates as low as 1.15
- Access to business funding in as little as 24 hours
Are you in the need of new business equipment but don’t have the necessary capital on hand to pay for it? Equipment financing done with Capital for Business is truly simple fast and affordable. We are a top-of-the-line marketplace alternative lender that can provide you up to $250,000 with same-day funding to purchase any type of equipment that your business may need.
Whether software, heavy construction equipment, vehicles, and much more. You will repay your equipment loan with low monthly payments and we keep the upfront cost minimal to something that your business can afford.
- Potential Section 179 tax deduction
At Capital for Business, Invoice factoring is a quick and flexible source of funds for businesses that are waiting for outstanding receivables to pay. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. Invoice factoring allows your credit line to grow proportionately with your sales cycle. We can fund as little as $5,000 a month and up to $2.5 million for larger companies.
Business Credit Cards
Business credit cards act as a revolving line of credit and are used for both purchases and payments. Businesses use credit cards with other loan products and are usually used for working capital purposes. Pre-revenue and startup companies can apply and receive these cards also, as well as established companies, of course. The biggest factor for approval is the strength of personal credit.
- Up to $150k
- Rates: interest rates starting at 0% intro rate for the first 6-18 months* and up to 19.99%
- Repayment: Revolving, credit cards are personal lines of credit.
- Fees: 3% to 5% origination fees
- Payments: Low monthly payments
- No collateral required
Credit Score: Must have a good credit score, at least a 680-fico score, good credit history, and a credit utilization not over 35%. Bad credit is not allowed
No Annual Revenue requirements to apply
- *not all cards have intro rates in our business credit card network
Why should you apply for our small business loans in Chicago?
Capital for Business has been serving small businesses for over 15 years and knows what the entrepreneurs value the most. That is why we offer:
- favorable approval rates;
- we offer microloans for small business
- we offer bad or poor credit business loans in Chicago
- custom-tailored service with a dedicated loan specialist;
- reasonable eligibility requirements;
- flexible repayment terms on a daily, weekly, bi-weekly, or monthly basis;
- hassle-free application process;
- same-day approval.
Take advantage of our small business loans in Chicago and bridge your capital shortfall. We are committed to helping you get the business funding you deserve, no matter what!
Small Business Financing Options
to Meet Your Industry-Specific needs
At Capital for Business we have helped thousands of businesses nationwide from various different industries achieve their small business financing needs. Finding the right small business funding options, from construction to small retail stores, and regardless of your credit rating, we will work with you to find the most flexible terms that are most beneficial to your business.
Industry Specific Business Loans
- Auto Repair and Body shop loans
- Agriculture Business Loans
- Beauty & Wellness Business Loans
- Chiropractic Business Loans
- Cleaning Services Business Loans
- Commercial Trucking Loans
- Construction Business Loans
- Convenience Store Loans
- Daycare Business Loans
- Dental Practice Loans
- Electrician Business Loans
- Food Truck Business Loans
- Landscaping Business Loans
- Gas Station Business Loans
- Gym and Fitness Business Loans
- Hardware Store Business Loans,
- Manufacturing Business Loans
- Medical Practice Loans
- Pharmacy Business Loans
- Plumbing Business Loans
- Real Estate Agent Business Loans
- Restaurant Business Loans
- Retail Business Loans
- Senior Care Business Loans
- Transportation Business Loans
- Hvac Business Loan
Industry Specific Equipment Financing
- Automotive Repair Shops Financing
- Commercial Trucks & Trailers Financing
- Commercial Vehicles Financing
- Computer Equipment Financing
- Construction & Contractor Equipment Financing
- Dental Equipment Financing
- Farm Equipment Financing
- Fleet Vehicles Financing
- Gym Equipment Financing
- Heavy Construction Equipment Financing
- Landscaping Equipment Financing
- Manufacturing Equipment Financing
- Medical Equipment Financing
- Office Equipment Financing
- Printers & Printing Equipment Financing
- Servers & IT Equipment Financing
How to a get a business loan
OUR EASY BUSINESS LOANS APPLICATION PROCESS
Get business funding in as little as 24 hours
In just three easy steps, you can access the right financing solution for your business. Our fast application and 24-hour funding process give you the working capital needed to grow your business in no time!
Apply in Minutes
Tell us about your business
Tell us All about you
Connect your bank account
Chicago Small Business Loan Resources
Trends and Tactics
U.S. Small Business Administration Resource Guide
Small Business Resources Guide, Illinois edition
View the Illinois Small Business Resource Guide for information and assistance in starting your business, growing your local business, and exploring small business funding options.
GET THE SMALL BUSINESS CAPITAL YOU NEED TO AFFORD YOUR DREAMS
FAST & SIMPLE