Parkway Bank and Trust Company

This is a financial institution offering SBA loan programs designed to help small businesses grow and succeed. You can find assistance with SBA 7(a) loans, guidance on loan applications, and personalized financial services tailored to your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours.

Typically, they operate Monday through Friday from 9:00 AM to 5:00 PM, but it's best to call ahead for specific hours and appointment availability.

There are no fees to inquire about SBA loans, but certain application and processing fees may apply depending on the loan terms.

This lender primarily serves small businesses in Illinois, but eligibility is based on business criteria rather than residency alone.

A minimum personal credit score of around 640 is generally preferred, but this can vary depending on the specific loan and borrower profile.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Parkway Bank and Trust Company typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Parkway Bank and Trust Company to confirm current weekend availability before you go.

Parkway Bank and Trust Company is located in Illinois — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Parkway Bank and Trust Company, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Parkway Bank and Trust Company itself, which runs its own lending under its own ownership. If you work at Parkway Bank and Trust Company, you can claim this listing from this page to manage it.

The core details for Parkway Bank and Trust Company — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Parkway Bank and Trust Company before applying. If you represent Parkway Bank and Trust Company, claim this listing to keep its information up to date.

You can reach Parkway Bank and Trust Company by phone at (708) 867-6600 or online at parkwaybank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Parkway Bank and Trust Company before relying on them.

Like most SBA lenders, Parkway Bank and Trust Company can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Parkway Bank and Trust Company directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Parkway Bank and Trust Company participates in SBA Express depends on its specific SBA lending authority. Contact Parkway Bank and Trust Company and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Parkway Bank and Trust Company can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Parkway Bank and Trust Company's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Parkway Bank and Trust Company directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Parkway Bank and Trust Company what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Parkway Bank and Trust Company to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Parkway Bank and Trust Company to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Parkway Bank and Trust Company weighs this case by case under its own policy, so be upfront about your history and ask Parkway Bank and Trust Company how it evaluates prior bankruptcies.