Advantage Term Loan

Secured installment loans for small businesses and professionals wishing to finance equipment or vehicle purchases. Loan amounts range from $5,000 - $250,000 with terms of twelve to sixty months. Competitive rates and flexible terms fit into any business budget.

For additional information and current interest rates, contact a Business Banker at (847) 729-1900.

Loan Features

  • Loan amounts of $5,000 - $250,000
  • Terms from 12 - 60 months with full amortization
  • Advance rates up to 100%
  • Requires general assignment of business assets and specific equipment purchased as collateral in addition to personal guarantee of business owner
  • $50 non-refundable application fee and $100 documentation fee
  • Monthly payment amount automatically debited from GSB checking account