When your Chicago business needs affordable financing to grow and reach higher, you’ll find a path to success through Pursuit! You can apply for financing for nearly any business need with terms that work for your business now and in the future.
Working with Pursuit means working with a lender that understands the heart of running a business. You’ll find nearly 70 years of lending expertise that will guide you every step of the way. Opportunity abounds in the third largest city in the U.S. and a little bit of capital will go a long way to making your business dreams a reality.
Pursuit is approved to offer SBA loan products in Chicago under SBA’s Preferred Lenders Program & SBA Express Program.
Pursuit is the new lender on your block in Chicago! When you work with us, you’ll get one-on-one support to fully understand your business needs and find the right path to success for your business. You can apply for up to $500,000 in affordable financing for working capital, inventory, equipment, and so much more. For nearly 70 years, Pursuit has worked with entrepreneurs of all backgrounds in a variety of industries, in major cities and beyond. Whether you’re opening a restaurant, beauty salon, warehouse, or accounting firm, you’ll find a solution for your needs with Pursuit. Why not get started today?
Your Chicago business will find a range of business loans available, from business banks, to alternative lenders and more! Through Pursuit, Chicago and other businesses based in Illinois can access financing through the Advantage Illinois program, the Entrepreneurs of Color Fund, and the SBA 7(a) program among others.
Every loan program and lender has its own qualification criteria but there are some general requirements you’ll find at most reputable lenders. Lenders will review your credit score to gauge your ability to repay previous and current debts and may have a specific score needed to qualify. There may also be requirements related to the number of years you’ve been in business, how many employees you have, and your location. Talk with potential lenders to find out their exact qualification criteria and ask them what program might be best for your unique business needs.
Yes! You’ll find many SBA lenders in Chicago that have the guarantee of the U.S. Small Business Administration. Through these programs, lenders are able to approve loans that might be riskier for traditional financing, and offer terms with more flexibility for small businesses. Pursuit offers the SBA 7(a) program in Chicago through which you can access up to $350,000 for nearly any business need.
You can! Advantage Illinois offers loans to start your business and the SBA 7(a) program is another great option for startups. Be prepared to share your business plan and financial projections when you apply for a startup loan. It also helps to show that you have experience in your industry, especially management experience.
Interest rates vary by program, but with Pursuit you’ll find business loans with rates between 7 – 11.9%. For the SBA 7(a) program, the rate is calculated using the Prime Rate.
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