Morton Community Bank
IL
SBA-approved lender offering 7 loan programs across 6 industries.
Key Metrics
Interest Rate
7.14%
0.39% over prime
Average Loan
$114K
Per approval
Total Approvals
10
FY 2025
Loan Programs (7)
7a General
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Change of Ownership
Industries Served (6)
Commercial Screen PrintingDrinking Places (Alcoholic Beverages)Full-Service RestaurantsInsurance Agencies and BrokeragesLimited-Service RestaurantsMachine Shops
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 0.39%
- Effective Rate
- 7.14%
- Fiscal Year
- 2025
- States Served
- IL
- Website
- www.hometownbanks.com
Ready to apply with Morton Community Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.