Business Loans & Lines
Illini Bank has a specialized Commercial Department that offers a variety of competitive Commercial Loans. Some of the Commercial Loans offered are:
Commercial Real Estate Loans
Illini Bank is a local bank with local decision-making. Our experienced lenders would like to talk to you if you are looking for a loan to start a new business, expand a current business or purchase property.
Commercial Term Loans
Term loans can be used to finance new and used equipment or machinery or many other business needs. Term loans are normally for a fixed term and a fixed rate with monthly, quarterly or annual payments. The term of a loan is usually determined by the type of collateral used on the loan.
Operating Line of Credit
Lines of credit can be used for many purposes, including operating lines for businesses and farming. Lines of credit are helpful in filling the cash flow gaps during the year when you need money the most and are waiting on accounts receivable or crop sales. Illini Bank will work with our business customers to help determine what type of line works best for them.
Illini Bank has commercial lenders that are very knowledgeable in the commercial real estate. Illini Bank makes commercial and agricultural real estate loans with 3 and 5 year balloons and the appropriate amortization. If you are looking to purchase a building or farm ground, please call us for our competitive rates.
Please contact one of our Commercial specialists for current rates & terms, specials, discounts and packages offered. Specials, discounts and packages may be offered based on relationship with Illini Bank or brought to Illini bank.