Small Business Financing Skokie IL

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

Joseph Smith
JAS Financial Services, LLC
(847) 328-8011
9933 Lawler Avenue
Skokie, IL
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Tax Planning, Investment Advice without Ongoing Management, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, AEP, CPA/PFS, JD

Joseph Smith
JAS Financial Services, LLC
(847) 328-8011
3451 Harrison Street
Evanston, IL
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Tax Planning, Investment Advice without Ongoing Management, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, AEP, CPA/PFS, JD

Kevin Paulsen
GreatLight Fee Only Advisors, LLC
(847) 556-9299
2521 Gross Point Road
Evanston, IL
Expertises
Planning Issues for Unmarried & Same-Sex Couples, Retirement Planning & Distribution Rules, College/Education Planning, Advising Employee Benefit Plan Participants, Middle Income Client Needs, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Jeffrey Smith
North Shore Investment Consulting, LLC
(847) 445-4100
1150 Wilmette Avenue, Suite F
Wilmette, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Retirement Plan Investment Advice, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, ChFc, MBA

Timothy Quinn
Quinn Financial Planning, LLC
(312) 263-2700
8745 West Higgins Road, Suite 200
Chicago, IL
Expertises
Advising Medical Professionals, College/Education Planning, High Net Worth Client Needs, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Socially Responsible Investments
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Sidney Blum
GreatLight Fee Only Advisors, LLC
(847) 556-9299
2521 Gross Point Road
Evanston, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Middle Income Client Needs, Retirement Planning & Distribution Rules, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, ATP, BS, CFP®, ChFc, CPA, CPA/PFS

John Valleau
ShankerValleau Wealth Advisors, Inc.
(847) 475-2900
1421 Sherman Avenue, Suite 101
Evanston, IL
Expertises
Ongoing Investment Management, High Net Worth Client Needs, Helping Clients Identify & Achieve Goals, Tax Planning, Planning Issues for Business Owners, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA

Thomas Zimmerman
Zimmerman Wealth Management, LLC
(847) 556-3200
1603 Orrington Avenue
Evanston, IL
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Planning Issues for Business Owners, Estate & Generational Planning Issues, Advising Medical Professionals, Divorce Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Malay Vasavda
Quantum Financial Management LLC
(847) 730-3808
1701 E. Lake Avenue, Suite 430
Glenview, IL
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Planning Issues for Business Owners, Retirement Plan Investment Advice, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Gary Bowyer
Deerfield Financial Advisors, Inc.
(847) 789-5000
1480 Renaissance Drive
Park Ridge, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, MBA

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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