State Bank of the Lakes, National Association

This is a financial institution that offers SBA loan programs designed to help small businesses secure funding for growth and operational needs. You can find assistance with loan applications, guidance on SBA programs, and personalized support from experienced loan officers.

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, the bank operates Monday through Friday from 9:00 AM to 5:00 PM, but it's best to contact them directly for specific hours or after-hours appointments.

There are no fees to visit or consult; however, loan applications and processing may involve fees depending on the loan terms.

This institution primarily serves small business owners in the region, but eligibility for SBA loans is based on business criteria, not residency alone.

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

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

Most banks keep weekday business hours and are closed on weekends, and State Bank of the Lakes, National Association 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 State Bank of the Lakes, National Association to confirm current weekend availability before you go.

The Antioch location features dedicated parking lots and is fully handicap accessible for visitor convenience.

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

The core details for State Bank of the Lakes, 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 State Bank of the Lakes, National Association before applying. If you represent State Bank of the Lakes, National Association, claim this listing to keep its information up to date.

You can reach State Bank of the Lakes, National Association by phone at (847) 395-2700 or online at sbotl.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 State Bank of the Lakes, National Association before relying on them.

Based on its approved SBA loans, State Bank of the Lakes, National Association most often finances businesses in manufacturing, automotive repair & services, restaurants & food service, construction & contractors, medical practices & clinics, and bars & nightlife. This reflects State Bank of the Lakes, 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 State Bank of the Lakes, 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 State Bank of the Lakes, National Association participates in SBA Express depends on its specific SBA lending authority. Contact State Bank of the Lakes, 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. State Bank of the Lakes, 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. State Bank of the Lakes, National Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask State Bank of the Lakes, 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 State Bank of the Lakes, 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 State Bank of the Lakes, 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 State Bank of the Lakes, 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. State Bank of the Lakes, National Association weighs this case by case under its own policy, so be upfront about your history and ask State Bank of the Lakes, National Association how it evaluates prior bankruptcies.