Commercial Banking Commercial Solutions

When opportunity knocks, know our door is open.

For more than 150 years, through good economic times and bad, we’ve provided valuable business banking services to companies like yours so they could continue to grow, prosper and put plans into action. So when that opportunity comes knocking, one of our commercial banking experts is ready to help you make the most of it.
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CREDIT SOLUTIONS | EMPLOYEE BENEFIT SOLUTIONS | TREASURY MANAGEMENT SOLUTIONS

Credit Solutions

From working capital lines of credit to equipment financing, we offer all the capabilities and resources the largest banks offer. But, unlike the largest banks, we'll work with you to tailor solutions specific to your company’s needs and goals.

Contact a commercial representative at 1-877-866-0202.

Click here to read about cessation of LIBOR.

Risk management solutions

We can help you design solutions to protect your assets and liabilities from interest rate and foreign exchange risk. Contact a business banker to learn more about your options.

COMMERCIAL OPTIONS

Put our credit know-how to work for you with customized loan structures.

  • Business Term Loan with fixed dollar amounts and set payback terms
  • Business Real Estate Loans for acquisition or other real estate financing purposes
  • Construction Loans, which can be packaged together with mortgage financing
  • SBA* Loans for qualifying companies, which can lower down payments and extend repayment

SBA PROGRAM SPECIFICS

Old Second participates in the following SBA programs:

  • SBA 504 Program
  • SBA 7A Program

LINE OF CREDIT

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

USES:

TRADE SERVICES

We provide a comprehensive range of trade services to help facilitate smooth transactions between your business and your vendors.

  • Letter of Credit: For added comfort in closing your deal to the satisfaction of all involved parties
  • Import/Export Letter of Credit: For conducting international business, whether your business is the importer or exporter in a transaction

BUSINESSMANAGER®

BusinessManager® is an online program which allows you to get cash for your accounts receivable deposited directly into your bank account by selling them to the bank at a discount. Funds are then deposited into your account, giving you the positive cash flow you need.

  • Improve your cash flow.
  • Realize growth opportunities.
  • Take advantage of supplier discounts.
  • Offer financing options to your customers.
  • Save time and money.
  • Manage your operations online.
  • Receive detailed business management reports.

Contact a representative for sign up information and pricing.

*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.

Customer Payment Portal (CPP)

Old Second’s Customer Payment Portal (CPP) makes it easy for businesses and non-profits to accept payments or donations. Learn more.

Employee Benefit Solutions

In a competitive marketplace, your employee benefits plan can help your company stand out in the crowd. We offer several decades of experience in developing company-sponsored retirement plans that include a variety of investment alternatives, timely and accurate recordkeeping, and effective employee communications. Contact a commercial representative at 1-877-866-0202.

RETIREMENT SOLUTIONS

Our professionals can help you put in place the type of plan most appropriate for your company, whether a 401(k), SIMPLE or SEP plan.

HEALTH SAVINGS ACCOUNT

An Old Second health savings account can help your employees save and pay for current and future health care expenses with tax-free dollars.

PAYDAY CARDS

The Old Second payday card is a safe and convenient alternative to paychecks, allowing you to automatically load your employees' pay onto a debit card each payday. Your employees then have the freedom to make purchases and ATM withdrawals with the card.

Risk management solutions

Turn your mobile device into a payment terminal

Customer Payment Portal (CPP)