Go Back
Report Abuse

Lake Forest Bank & Trust Company, National Association

photo-1100.jpg
photo-1100.jpg

Description

Offering comprehensive banking services tailored to small businesses and entrepreneurs, this financial institution specializes in SBA loan programs including 7(a). With a focus on supporting local business growth, it provides flexible financing options for various industries. The bank is equipped to handle loan amounts up to $150,000, making it an ideal partner for startups and established companies alike. Its experienced team guides clients through the application process, ensuring clarity and efficiency. Located in Lake Forest, Illinois, the bank emphasizes personalized service and community involvement, fostering long-term relationships with its clients. Whether you’re seeking funding for expansion, equipment purchase, or working capital, this bank offers solutions designed to meet your unique needs. Its commitment to small business success is reflected in its dedicated SBA lending team and streamlined approval process. With a strong local presence, it understands the regional market dynamics and can tailor financing options accordingly. The bank’s infrastructure supports a variety of industries, with particular strength in professional services and retail sectors. Overall, it aims to empower small businesses with accessible, reliable financing options to help them thrive in competitive markets.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
24
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs, small business financing, and personalized banking services designed to support local entrepreneurs and growth initiatives.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
Fees may apply for certain banking services and loan processing, but there is no fee to simply visit or open an account.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the community but welcomes new clients who meet their lending criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of the application and documentation provided.
Scroll to Top