Time Bank
Time Bank is an active SBA lender in Illinois, a bank offering SBA-guaranteed small-business loans. Currently rated 4.3 stars across 21 Google reviews.
$61M
in SBA approvals since 2010
168
SBA loans funded
Manufacturing · Construction & Contractors · Veterinary Services
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Time Bank
Time Bank offers comprehensive commercial banking services tailored to small businesses seeking SBA financing options. With a focus on supporting entrepreneurs and established companies, it provides a range of loan products including SBA 7(a) loans, which are ideal for business expansion, equipment purchase, or working capital needs. The bank's experienced lending team guides clients through the application process, ensuring clarity and support at every step. Located at 626 Talcott Rd in Park Ridge, IL, Time Bank is committed to fostering local economic growth while providing flexible financial solutions. Their expertise in SBA programs helps businesses leverage government-backed loans to achieve their goals. Whether you're a startup or an established enterprise, the bank's personalized approach aims to meet your unique financial needs and help you succeed.
Serves SBA borrowers in 3 states
Time Bank has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Time Bank finances
Business types Time Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Time Bank
What is this place and what can I find here?
This is a commercial bank offering SBA loan programs and small business banking services. You can find assistance with business financing, checking accounts, and financial advice tailored to small businesses.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a banker, but walk-ins are also welcome during business hours.
What are the hours of operation?
Time Bank operates Monday through Friday from 8:00 AM to 5:00 PM. Please confirm current hours directly with the bank.
Is there a fee to use this?
There are no fees for visiting the bank; however, certain banking services and loan applications may involve fees or charges.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local small business owners and residents, but services are available to qualifying businesses in the community.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is typically needed, though approval depends on overall financial circumstances.
How long does the traditional underwriting process take from start to close?
The underwriting process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Time Bank is open Saturdays from 8:00 AM to 1:00 PM. Confirm current weekend hours with the bank.
How do I get there and where do I park?
Time Bank 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.
Who owns or operates this listing?
This page is an independent directory listing for Time Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Time Bank itself, which runs its own lending under its own ownership. If you work at Time Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Time Bank — 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 Time Bank before applying. If you represent Time Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Time Bank by phone at (847) 384-9200 or online at time.bank — 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 Time Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Time Bank most often finances businesses in construction & contractors, restaurants & food service, wholesale & distribution, general retail, manufacturing, and veterinary services. This reflects Time Bank'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 Time Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Time Bank participates in SBA Express depends on its specific SBA lending authority. Contact Time Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Time Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Time Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Time Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Time Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Time Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Time Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Time Bank weighs this case by case under its own policy, so be upfront about your history and ask Time Bank how it evaluates prior bankruptcies.
