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Friday, August 16, 2024

BREAKING

Navigating the financial landscape as a small business owner can be daunting, but securing the right funding can significantly ease this journey. Small Business Administration (SBA) loans, backed by the federal government, offer a lifeline to businesses striving for growth. At Liberty Bank and Trust, we specialize in matching entrepreneurs with SBA loans tailored to their unique needs.

Why Choose SBA Loans?

SBA loans reduce lender risk by guaranteeing a portion of the loan amount, enabling us to offer loans to businesses that might not meet traditional lending criteria. This support is vital for businesses aiming to expand, purchase equipment, or boost working capital. With lower down payments and longer repayment terms, SBA loans are designed to ease cash flow pressure, allowing business owners to focus on growth without financial strain.

More Than Just Financing

Choosing an SBA loan from Liberty Bank means more than just securing funds. Our borrowers gain access to invaluable business counseling and educational resources to enhance operational efficiency. We are committed to fostering long-term relationships, supporting you not just financially but as partners dedicated to your success.

Take the Next Step

Explore how our SBA loan products can propel your business forward. Connect with Liberty Bank and Trust today and turn your business aspirations into achievements.

Top Stories

Illinois Reparations Fund Was Transferred To Liberty Bank and Trust: "This Is A Very, Very Big Deal"

Two historic happenings have taken place in Illinois.

In a landmark decision, Evanston, a city just north of Chicago, enacted a reparations fund for its Black residents who were at least 18 years old from 1919 until 1969 and their descendants who were affected by systemically racist policies, mainly redlining. Now five years later, millions in funding will be transferred to one of Illinois’s only Black-owned banks.



Liberty Bank's David Buggage Appointed to ICBA Consumer Financial Services Subcommittee and The Minority Bank Advisory Council

The Independent Community Bankers of America® (ICBA) announced that David C. Buggage, Senior Consumer Lender, and Partnership Officer of Liberty Bank and Trust Co. was elected to serve on ICBA’s Consumer Financial Services Subcommittee and on The Minority Bank Advisory Council. ICBA is the nation’s voice for community banks and is committed to its founding mission to create and promote an environment where community banks flourish.

Financial Freedom

How to Access Capital as a Small Business Owner

As a small business owner, access to capital—the money and resources used to start and operate a business—can be a crucial part of your success. With adequate financing, individuals have the tools to support their business, branch into new markets, and navigate tough economic conditions. 

FREE GUIDE: Getting Started With Business Banking

Small businesses, just like larger corporations, rely on business banking to help ensure smooth financial operations.

Business bank accounts can benefit small businesses by allowing them to keep personal and business finances separate, track cash flow, access specialized services, and secure financing options to support their growth.

Many myths surround business banking, particularly for small businesses.