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Bank of Springfield (IL)

Bank of Springfield (IL)

Bank Boldly! BOS branches offer retail and business banking, financial planning, and insurance services. Routing Number 071108559.

7a General
Change of Ownership
Existing or more than 2 years old
Fixed Rates
International Trade Loans
# Loan Funds will Open Business
# New Business or 2 years or less
# Preferred Lenders Program
# SBA Express Program
# Startup
# Variable Rates
SBA Loan Approval Count : 34
SBA Loans Total Approval Amount YTD: $15,914,800
Average SBA Loan Size: $468,082
Average SBA Loan Rate over Prime (this number plus current prime rate): 0.80
Bank of Springfield (IL)

Unlock Your Financial Potential with Bank of Springfield (IL)

Bank of Springfield (BOS) is a full-service community bank headquartered in Springfield, Illinois, dedicated to providing individuals and businesses with personalized financial solutions. With deep roots in the region and a strong focus on local businesses, BOS offers a wide range of business services and participates in SBA loan programs to help entrepreneurs start, grow, and thrive.

Key Features of Bank of Springfield

  • Comprehensive Business Banking: Business checking and savings accounts, cash management, merchant services, and online tools designed to make running your company easier.
  • SBA Loan Expertise: Bank of Springfield participates in the U.S. Small Business Administration’s lending programs, including SBA 7(a) and 504 loans. Its experienced commercial lending team helps small business owners navigate the SBA process and secure government-backed financing for working capital, equipment purchases, and real estate.
  • Flexible Commercial Lending: In addition to SBA loans, BOS offers term loans, lines of credit, and commercial mortgages with local decision-making and personalized underwriting.
  • User-Friendly Digital Tools: Robust online and mobile banking for both personal and business accounts give you convenient, 24/7 access to your finances.
  • Commitment to Community: As an independent Illinois bank, BOS reinvests in local neighborhoods, supports economic-development initiatives, and provides hands-on guidance to small business owners.

Why Choose Bank of Springfield for SBA Loans?

BOS combines the personalized service of a community bank with the expertise needed to deliver SBA-backed financing effectively. Its business bankers understand the unique needs of Illinois entrepreneurs and work closely with them to streamline approvals, offer competitive rates, and tailor funding solutions for each stage of growth.

How to Get Started

Ready to grow your business with an SBA loan or other financing option? Visit the Bank of Springfield Business Banking page to explore current offerings, review eligibility, and connect with a local business-banking specialist who can guide you through the process.

Empower your financial future today with Bank of Springfield — where Illinois businesses come to grow.

Similar Financial Institutions in category

First Commonwealth Bank (PA)

First Commonwealth Bank (PA)

At First Commonwealth Bank, we put you first with personal banking, small business solutions, mortgages, insurance, wealth management and more. Get started now.

SBA Loan Approval Count : 182
SBA Loans Total Approval Amount YTD: $101,281,900
Average SBA Loan Size: $556,494
Average SBA Loan Rate over Prime (this number plus current prime rate): 2.08
7a General
Asset Base Working Capital Line (CAPLine)
Change of Ownership
Gibsland Bank & Trust Company (LA)

Gibsland Bank & Trust Company (LA)

7a General
Change of Ownership
Existing or more than 2 years old

Heritage Bank (WA)

7a General
Change of Ownership
Existing or more than 2 years old

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