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First American Bank (IL)

Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
Preferred Lenders Program
# Preferred Lenders with WCP
# SBA Express Program
# Startup
# Variable Rates
SBA Loan Approval Count : 26
SBA Loans Total Approval Amount YTD: $24,609,000
Average SBA Loan Size: $946,500
Average SBA Loan Rate over Prime (this number plus current prime rate): 0.91
First American Bank (IL)

Unlock Your Financial Potential with First American Bank (IL)

First American Bank, headquartered in Elk Grove Village, Illinois, is one of the largest privately held banks in the Midwest — known for its personalized service, financial strength, and expertise in small business and SBA lending. As an SBA Preferred Lender, First American Bank provides flexible financing solutions that empower entrepreneurs across Illinois, Florida, and Wisconsin to achieve their business goals.

Key Features of First American Bank

  • Comprehensive Business Banking: Full-service business checking and savings accounts, merchant services, payroll solutions, and treasury management tools tailored for small and mid-sized businesses.
  • SBA Loan Expertise: As an SBA Preferred Lender, First American Bank offers streamlined access to SBA 7(a), 504, and SBA Express programs, with quicker decisions and flexible loan structures. These loans are ideal for working capital, equipment, real estate, or business acquisition needs.
  • Commercial Lending Solutions: Beyond SBA options, the bank provides commercial real estate loans, lines of credit, and term financing to support growing businesses.
  • Local Decision-Making: With experienced business bankers located throughout its markets, First American Bank delivers personalized guidance and fast approvals backed by local expertise.
  • Commitment to Community and Growth: Deeply rooted in the Midwest, the bank actively supports economic development, job creation, and community initiatives across the regions it serves.

Why Choose First American Bank for SBA Loans?

First American Bank combines the reach and resources of a regional powerhouse with the personalized service of a local lender. Its SBA lending specialists work closely with entrepreneurs to navigate the application process efficiently and secure financing tailored to their specific goals. Whether you’re launching a new business, purchasing equipment, or expanding your operations, First American Bank provides trusted expertise and competitive SBA financing to help you succeed.

How to Get Started

Ready to grow your business with an SBA loan or other financing option? Visit the First American Bank Business Banking page to explore SBA programs, review eligibility, and connect with an SBA lending expert.

Empower your financial future today with First American Bank — where Illinois businesses come to grow.

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SBA Loan Approval Count : 20
SBA Loans Total Approval Amount YTD: $2,057,500
Average SBA Loan Size: $102,875
Average SBA Loan Rate over Prime (this number plus current prime rate): 2.95
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SBA Loan Approval Count : 72
SBA Loans Total Approval Amount YTD: $25,639,000
Average SBA Loan Size: $356,097
Average SBA Loan Rate over Prime (this number plus current prime rate): 1.975
Change of Ownership
Existing or more than 2 years old
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SBA Loan Approval Count : 18
SBA Loans Total Approval Amount YTD: $16,061,000
Average SBA Loan Size: $892,278
Average SBA Loan Rate over Prime (this number plus current prime rate): 2.61
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