Credit Options

• Working Capital Financing

  With Old Second, you’ll have a source of funds you may draw on as needed, with terms designed around your objectives. Or, you may qualify for a term SBA loan.

  Line of Credit: Secure funding for times when you need it and with terms structured around your cash-flow cycle.

  SBA Loan*: For companies that qualify, SBA loans can include lower down payments and longer financing terms.

  • SBA 504 Program
  • SBA 7A Program

  *The Small Business Administration, (SBA) is an office of the federal government. It was created to assist small businesses (as defined by the Small Business Act). Their intent was to increase the ability to compete in international markets by enhancing their ability to export, facilitate technology transfers and compete effectively and efficiently against imports. With the help of the SBA office, we can offer loans to small businesses that might not have the ability to obtain a conventional loan.

  For more information, please visit the SBA website at www.sba.gov.

• Equipment Financing

  The flexibility of our equipment financing solutions allows us to structure loans convenient to your needs.

  Line of Credit: Secure funding for times when you need it and with terms structured around your cash-flow cycle.

  Business Term Loan: Customized financing, with fixed dollar amounts and set payback terms, to meet your business objectives.

  Letter of Credit: When your deal requires an extra level of comfort—a guarantee of either your future performance under a contract or that of a vendor’s—we can provide a variety of options for closing your deal to the satisfaction of all involved parties.

  SBA Loan*: For companies that qualify, SBA loans can include lower down payments and longer financing terms.

  • SBA 504 Program
  • SBA 7A Program

  *The Small Business Administration, (SBA) is an office of the federal government. It was created to assist small businesses (as defined by the Small Business Act). Their intent was to increase the ability to compete in international markets by enhancing their ability to export, facilitate technology transfers and compete effectively and efficiently against imports. With the help of the SBA office, we can offer loans to small businesses that might not have the ability to obtain a conventional loan.

  For more information, please visit the SBA website at www.sba.gov.

• Acquisition and Real Estate Financing

  When the opportunity arises to acquire a competitor’s facility or expand your real estate holdings, Old Second can help you seize those opportunities with flexible, competitive financing solutions.

  Business Real Estate Loan: Old Second can structure permanent financing on your commercial real estate holdings with competitive terms that reflect your specific needs.

• Construction Financing

  When you want to expand or relocate your business by building a new facility, turn to Old Second for customized financing solutions.

  Construction Loan: Old Second’s lending professionals can structure construction and permanent financing in one place with competitive terms.

• Trade Services

  Old Second provides a comprehensive range of trade services to help facilitate smooth transactions between your business and your vendors.

  Letter of Credit: When your deal requires an extra level of comfort—a guarantee of either your future performance under a contract or that of a vendor’s—we can provide a variety of options for closing your deal to the satisfaction of all involved parties.

  Import/Export Letter of Credit: If you conduct international business, Old Second can provide letters of credit whether your business is the importer or exporter in a transaction.

• Risk Management Solutions

  At Old Second, our goal is to help you manage risk, so you can focus on managing your business.

  We can help you develop solutions designed to protect your assets and liabilities from:

  • Interest rate risk
  • Foreign exchange risk

  Contact a business banker to learn more about your risk management options today.