Foster Bank prides itself on our relationship with small and large businesses by providing the necessary financing tools to enable your business to reach your goals. We offer competitive rates, attractive terms and experienced lenders. Not only do we offer these benefits, but we also take the time to know your business. We’re constantly looking for new ways to help move business and the local community forward.

Foster Bank has allied itself with small retail businesses and maintains a Preferred Lender status with the Small Business Administration (SBA). SBA annual reports for the past several years show that Foster Bank has consistently been graded as one of the top SBA lenders in the State of Illinois. Our commercial lending experience makes it possible for the SBA to rely on our expertise in assisting with processing of SBA loans. This status makes it possible to expedite our customer’s application and get a quick response.

You will find long-term fixed rates and longer repayment periods through the Small Business Administration’s LowDoc 7(a), and SBA 504 loan programs. Foster Bank is proud to participate in the SBA’s minority and women owned business pre-approval program.

Foster Bank offers a Small Business Loan up to $150,000 as term loans only. The purpose of these loans is to provide small loans with a quick turn around to Foster Bank customers. Business Express Loans require less documentation and can be processed quicker than traditional SBA loans.

Whether you need short-term or long-term financing, we will develop a plan that works for your business. A Line of Credit can provide short-term liquidity and seasonal financing. For permanent capital financing and equipment purchases, Foster Bank offers Term Loans with various maturities.

You’ll find a variety of real estate financing options to build your business location or expand your existing one. We provide construction and permanent financing with a number of amortization options. Experience and personal service make Foster Bank an excellent choice for your next Commercial Real
Estate project.

Traditionally used to guarantee the payment of a customer’s draft, a Foster Bank Letter of Credit gives your business the power to command favorable trade terms and negotiate a better price. As a bank with many of its customers dealing with foreign entities Foster Bank takes pride and expertise in the Letter of Credit area. In fact, we have an entire department that dealing directly daily with this area of lending expertise. We will provide you with the financial and professional support and guidance to help your business succeed in your international business dealings. Our specialists will help you select a complete program in meeting your financial needs.