Centrust Bank

Financial statements, tax returns, and credit history all play an important role in a lending decision. But local lenders may also bring a deeper understanding of the business, the market it serves, and the story behind the numbers.

That local perspective may help provide valuable context around your business goals, challenges, and opportunities.

At Centrust Bank, we believe relationships and local knowledge matter when helping businesses explore their financing options.

Read more: https://hubs.ly/Q04wz9fM0

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Why Local Lenders Look Beyond the Paperwork | Centrust Bank Learn how local lenders evaluate small businesses beyond financial statements, including relationships, community knowledge, reputation, and business goals.

Meet Josh Anderson, Commercial Loan Officer at Centrust Bank. He may be 26, but according to Spotify Wrapped, his “listening age” is 66. 🎶

Josh has been with Centrust Bank for a little over four years, working with business owners and investors to understand their goals and explore financing solutions.

Much of his work involves commercial real estate, where each deal helps deepen his understanding of the Chicagoland market.

His advice to business owners considering financing? Start the conversation sooner rather than later. You don’t need to have everything figured out before speaking with a banker.

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Looking for a simple way to make more of the money you’ve set aside?

A Centrust Bank Certificate of Deposit offers a fixed interest rate for the term you choose, giving you a predictable way to grow your savings over time.

And with the convenience of opening your CD online, getting started is easier than ever.

Explore available CD terms: https://hubs.ly/Q04xsqmf0

Applying for an SBA loan involves more than completing an application. Lenders may also review your financial records, credit history, cash flow, and how you plan to use the funds.

Some common issues that may lead to delays or affect a lending decision include:

• Incomplete documentation
• Inconsistent financial information
• Outdated tax returns
• Insufficient cash flow
• Unresolved credit concerns
• Unclear plans for how loan proceeds will be used

Preparing your records in advance and working closely with an experienced SBA lender may help reduce avoidable delays and make the process easier to navigate.

A Centrust Bank Certificate of Deposit offers a fixed rate for the term you choose, making it easier to know what to expect from your savings.

Now you may open a Centrust Bank CD online, bringing the convenience of digital banking together with the personal service of a community bank.

Explore available CD terms and find an option that fits your savings goals: https://hubs.ly/Q04vyLlf0

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When it comes to business financing, the amount you borrow is only part of the equation. The loan terms matter, too.

For eligible businesses, SBA financing may offer longer repayment terms and competitive rates that may help spread the cost of investments like equipment, expansion, hiring, or working capital over time, potentially providing more flexibility for day-to-day cash flow.

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Meet Tom Meyer, EVP, Community SBA Lending at Centrust Bank and a longtime U.S. stamp collector. 📬

Tom has been with Centrust Bank for nearly 12 years and has almost 30 years of experience in SBA and small business lending.

What he enjoys most is seeing the entrepreneurial spirit of business owners and helping support their next chapter.

His advice for anyone considering SBA financing? Lean on the experts from the very beginning. An experienced SBA lender may help you understand the process, answer your questions, and know what to expect as you explore your financing options.

Member FDIC

SBA loans are a popular financing option for small business owners, thanks in part to their longer repayment terms, competitive interest rates, and flexible uses.

But applying for your first SBA loan may feel overwhelming. From understanding eligibility requirements to organizing financial records and knowing what lenders may look for, there’s a lot to consider.

Taking time to understand the process and organize your documentation before you apply may help make the experience easier to navigate and help you submit a more complete, well-prepared application.

Read our latest blog to learn more: https://hubs.ly/Q04vyM3F0

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Prepare for Your First SBA Loan Application | Centrust Bank Learn how to prepare for your first SBA loan application, gather the right documents, avoid common mistakes, and improve your chances of approval.

You may now open a Centrust Bank CD account online, making it easier to take the next step toward your savings goals.

Visit our website to get started: https://hubs.ly/Q04vyzgt0

For many business owners, a community bank relationship also means having a banking team that understands your goals.

At Centrust Bank, we believe banking should be built on relationships. We take the time to understand your business, your priorities, and the opportunities ahead—so we may be a resource not only for your banking needs, but also for the broader conversations that help businesses move forward.

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