CenTrust Bank, A Division of SmartBiz Bank National Association

This is a resource for small business owners seeking SBA loans, providing information on loan options, application processes, and support services to help you secure funding.

It's recommended to schedule an appointment to ensure dedicated assistance, but walk-in consultations may be available during business hours.

CenTrust Bank is open Monday through Friday from 9 AM to 5 PM, and also open Saturday from 9 AM to 1 PM. Please confirm current hours with the bank.

There are no fees for accessing general information; fees may apply for specific services or loan processing.

This service is open to eligible small business owners nationwide who meet the lending criteria.

A minimum personal credit score of 640 is generally required, though higher scores improve approval chances.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.

Yes, CenTrust Bank is open on weekends, specifically Saturday from 9 AM to 1 PM. Confirm weekend availability for SBA lending services with the bank.

CenTrust Bank, A Division of SmartBiz Bank National Association 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 CenTrust Bank, A Division of SmartBiz Bank National Association, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by CenTrust Bank, A Division of SmartBiz Bank National Association itself, which runs its own lending under its own ownership. If you work at CenTrust Bank, A Division of SmartBiz Bank National Association, you can claim this listing from this page to manage it.

The core details for CenTrust Bank, A Division of SmartBiz Bank National Association — 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 CenTrust Bank, A Division of SmartBiz Bank National Association before applying. If you represent CenTrust Bank, A Division of SmartBiz Bank National Association, claim this listing to keep its information up to date.

You can contact CenTrust Bank by phone at (847) 267-1331 or by email at info@centrustbank.com. Confirm details with the bank for SBA loan inquiries.

Based on its approved SBA loans, CenTrust Bank, A Division of SmartBiz Bank National Association most often finances businesses in construction & contractors, restaurants & food service, manufacturing, medical practices & clinics, wholesale & distribution, and general retail. This reflects CenTrust Bank, A Division of SmartBiz Bank National Association's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with CenTrust Bank, A Division of SmartBiz Bank National Association which sectors 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 CenTrust Bank, A Division of SmartBiz Bank National Association participates in SBA Express depends on its specific SBA lending authority. Contact CenTrust Bank, A Division of SmartBiz Bank National Association 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. CenTrust Bank, A Division of SmartBiz Bank National Association 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. CenTrust Bank, A Division of SmartBiz Bank National Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask CenTrust Bank, A Division of SmartBiz Bank National Association 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 CenTrust Bank, A Division of SmartBiz Bank National Association 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 CenTrust Bank, A Division of SmartBiz Bank National Association 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 CenTrust Bank, A Division of SmartBiz Bank National Association 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. CenTrust Bank, A Division of SmartBiz Bank National Association weighs this case by case under its own policy, so be upfront about your history and ask CenTrust Bank, A Division of SmartBiz Bank National Association how it evaluates prior bankruptcies.