Parkway Bank Small Business Loans
Parkway Bank has several small business lending options to help you get your business off the ground.
SBA Loans are guarantied by the U.S. Small Business Administration, enhancing access to credit for businesses that may find it difficult to obtain conventional bank financing. Although many banks provide SBA Loans, we've developed specialized tools that streamline the SBA Loan application process.
SBA Loans can be used for equipment, fixtures, inventory, working capital and other costs related to the start-up, acquisition, or expansion of an eligible small business enterprise. Rates are variable and are adjusted monthly based on the Prime Rate published in the Wall Street Journal. Terms of up to 10 years are available, depending upon the loan purpose.
For more information about SBA Loans, call our SBA Loan experts at (708) 867-2557 or (708) 867-2622.
Secured Lines of Credit
We offer lines of credit to businesses, primarily commercial and industrial firms that need to meet
short term cash needs. This type of loan is usually secured by business assets and/or real estate. The rates are typically adjustable and the pricing is
negotiable. Terms range from 90 days to one year.
We offer short term loans that are generally used to purchase assets like inventory or to provide cash for seasonal
businesses. This type of loan is usually secured by business assets and/or real estate. Rates may be fixed or variable and pricing is negotiable. The term
is typically one year.
These loans allow small businesses to purchase equipment, expand or improve plant facilities, or to permanently increase
inventory. Typically secured by specific equipment and/or real estate, these loan rates are usually fixed and the pricing is negotiable. These loans are
usually repaid by monthly installment payments within a 2 to 5-year timeframe.
Please print and fill out the Personal Financial Statement to get started with the
loan application process.