Small Business Financing Lombard IL

Looking for Small Business Financing in Lombard? We have compiled a list of businesses and services around Lombard that should help you with your search. We hope this page helps you find Small Business Financing in Lombard.

John Davis
Mentor Capital Management Inc.
(630) 530-1191
105 S. York Street, Suite 450
Elmhurst, IL
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Insurance Related Issues, including Annuities, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Joseph Alotta
Open Door Investment Advisors, Inc.
(630) 390-8392 - cell
409 North Washington Street
Westmont, IL
Expertises
Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CFS, MA, MBA, Other

Mark Smith
Smith Financial Advisors Inc.
(630) 510-3262
1755 S. Naperville Road, Ste 100
Wheaton, IL
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Investment Advice without Ongoing Management, Planning Concerns for Corporate Executives, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

William Waight
JMG Financial Group, Ltd.
(630) 571-5252
2301 West 22nd Street, Suite 300
Oak Brook, IL
Expertises
High Net Worth Client Needs, Planning Concerns for Corporate Executives, Ongoing Investment Management, Tax Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mark Berg
Timothy Financial Counsel, Inc.
(630) 681-0700
1749 South Naperville Road
Wheaton, IL
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, College/Education Planning, Retirement Plan Investment Advice, Tax Planning, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®

Donald Duncan
D3 Financial Counselors, LLC
(630) 271-0033
5151 Mochel Drive
Downers Grove, IL
Expertises
High Net Worth Client Needs, Hourly Financial Planning Services, Retirement Plan Investment Advice, Tax Planning, Investment Advice without Ongoing Management, Advising Entrepreneurs
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, CPA/PFS, MBA

William Keffer
Keffer Financial Planning
(630) 842-5609
511 West Wesley Street
Wheaton, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Advising Employee Benefit Plan Participants, Insurance Related Issues, including Annuities, Divorce Planning
Certifications
NAPFA Registered Financial Advisor, CDFA, CFP®, ChFc, CLU, MBA, CRPS

Charles Prudhomme
LVM Capital Management, LTD.
(630) 580-5900
115 W. Wesley, Suite 2
Wheaton, IL
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Armond Dinverno
Balasa Dinverno Foltz LLC
(630) 875-4900
500 Park Blvd, Suite 1400
Itasca, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, JD

David Morgan
JMG Financial Group, Ltd.
(630) 571-5252
2301 West 22nd Street, Suite 300
Oak Brook, IL
Expertises
Planning Concerns for Corporate Executives, High Net Worth Client Needs, Tax Planning, Ongoing Investment Management, Estate & Generational Planning Issues, Divorce Planning
Certifications
NAPFA Registered Financial Advisor, CDFA, CFP®, CPA

Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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