States Served
Top Industries Financed
- Insurance Agencies and Brokerages
- Offices of Physicians (except Mental Health Specialists)
Quick Summary
Waterman Bank is an SBA-approved lender headquartered in WATERMAN, Illinois. Since 2020, they have approved 2 SBA 7(a) loans totaling $1.9M, with an average loan size of $955K. They primarily serve Illinois businesses.
About Waterman Bank
Waterman Bank is an SBA-approved lender headquartered in WATERMAN, Illinois. Since 2020, they have approved 2 SBA 7(a) loans totaling $1.9M, with an average loan size of $955K. They primarily serve businesses in Illinois.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
Helpful SBA Borrower Guides
Frequently Asked Questions
Is Waterman Bank an SBA Preferred Lender?
Waterman Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Waterman Bank approved?
According to SBA FOIA public records, Waterman Bank has approved 2 SBA 7(a) loans totaling $1.9M since 2020. Their average loan size is $955K.
What states does Waterman Bank serve?
Waterman Bank primarily serves businesses in Illinois.
How do I apply for an SBA loan with Waterman Bank?
To apply for an SBA 7(a) loan with Waterman Bank, 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+.
Get in Touch with This Lender
Contact Waterman Bank
Ready to Apply for an SBA Loan?
Check if you qualify in minutes — no impact to your credit score.
SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days