Commercial Loans
Whether you are looking to increase cash flow or expand your business, BankChampaign offers a range of options to help get you there.
Determine Your Need
Lenders will likely ask why you need a loan in order to fit you with the best loan option. Depending on how you plan to use the money and how much you need to borrow, you may qualify for a Small Business Administration (SBA) loan or traditional term loan. For cash flow or payroll purposes, lenders may recommend a business line of credit.
Prepare to meet with a BankChampaign lender
Not surprisingly, there is a lot of paperwork that comes along with the commercial loan process. You will want to gather your personal and business tax returns, business licenses, articles of incorporation, personal and business bank statements, profit and loss statements, financial statements, and business plan before you go to the bank.
