States Served
Top Industries Financed
- Other Communications Equipment Manufacturing
- Automotive Body, Paint, and Interior Repair and Maintenance
- General Automotive Repair
- General Freight Trucking, Long Distance, Truckload
- Sign Manufacturing
Quick Summary
Schaumburg Bank & Trust Company, National Association is an SBA-approved lender headquartered in SCHAUMBURG, Illinois. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 25 SBA 7(a) loans totaling $15.3M, with an average loan size of $613K. They primarily serve Illinois businesses.
About Schaumburg Bank & Trust Company, National Association
Schaumburg Bank & Trust Company, National Association is an SBA-approved lender headquartered in SCHAUMBURG, Illinois. Since 2020, they have approved 25 SBA 7(a) loans totaling $15.3M, with an average loan size of $613K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Illinois.
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Frequently Asked Questions
Is Schaumburg Bank & Trust Company, National Association an SBA Preferred Lender?
Yes, Schaumburg Bank & Trust Company, National Association is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Schaumburg Bank & Trust Company, National Association approved?
According to SBA FOIA public records, Schaumburg Bank & Trust Company, National Association has approved 25 SBA 7(a) loans totaling $15.3M since 2020. Their average loan size is $613K.
What states does Schaumburg Bank & Trust Company, National Association serve?
Schaumburg Bank & Trust Company, National Association primarily serves businesses in Illinois.
How do I apply for an SBA loan with Schaumburg Bank & Trust Company, National Association?
To apply for an SBA 7(a) loan with Schaumburg Bank & Trust Company, National Association, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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