Old Second Bancorp Inc
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Old Second Bancorp Inc · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Old Second Bancorp Inc by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 1 | $120K | 100.0% |
Why Choose Old Second Bancorp Inc?
Based on SBA 7(a) lending track record from 1999-1999
- ✓Proven Track Record: 1 SBA loans approved, totaling $120K in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 240 months
- ✓Loan Range: Loan sizes from $120K to $120K, with an average of $120K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Old Second Bancorp Inc SBA lending
What types of businesses does Old Second Bancorp Inc typically finance?
Old Second Bancorp Inc specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Old Second Bancorp Inc's typical SBA loan terms?
Old Second Bancorp Inc's SBA 7(a) loans typically feature an average interest rate of — and average term length of 240 months (approximately 20 years). Loan sizes range from $120K to $120K, with an average loan size of $120K.
Do I need a business valuation for a Old Second Bancorp Inc SBA loan?
Yes, Old Second Bancorp Inc typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Old Second Bancorp Inc compare to other SBA lenders?
Old Second Bancorp Inc has originated 1 SBA loans totaling $120K since 1999. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Old Second Bancorp Inc lend in?
Old Second Bancorp Inc provides SBA 7(a) financing with particularly strong presence in IL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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