How to Get a Bank Loan Today: What You Really Need to Know
July 20, 2009: 6:30 PM - 8:45 PM
Now may be the most difficult time to obtain a commercial bank loan in 70 years! Learn the secrets to finding banks that are lending today. Our panel features three leading experts on bank lending to mid-sized companies in the Chicago area.
NOTE: New Location -- Northern Illinois U. (NIU) - Naperville Campus
First Floor Lobby
1120 East Diehl Road
Driving Directions:(Note: Most online maps of the Naperville Exit from I-88 are wrong.)
Directions: From Route I-88, take the Naperville Road exit which will take you to a “T” at Freedom Drive. Turn south onto Freedom Drive (that is a left turn if coming from the East on I-88). Take Freedom Drive to a “T” which is Diehl Road. Turn right onto Diehl Road. Go 2-3 blocks. Northern Illinois University (NIU) will be on left, across from the Hampton Inn. Turn left into driveway at west end of NIU property to park. From parking lot, enter center door of building.
$25.00 to public; $20.00 to Chicago Booth alumni/faculty/students
-- only $15.00 if you register by July 15th
6:30 PM-7:00 PM: Networking & Hors d'oeuvres
7:00 PM-8:00 PM: Program with speakers
Save $5.00 if you register by July 15th
Bill Wentz, '88 (XP-57) Coordinator, Entrepreneurial Roundtable
For owners or buyers of small to mid-sized businesses, now may be the most difficult time to obtain a bank loan in 70 years! So, if your company needs a bank loan, come learn the secrets of finding banks that are lending today and learn how to convince those banks that they should lend money to your company. Our panel features three leading experts on bank lending to mid-sized companies in the Chicago area.
They will discuss the practical side of obtaining a loan today:
• Questions to ask bankers in order to determine if their bank is lending now
• How to quickly focus on the banks that are most likely to provide a loan
• Information that will facilitate the loan approval process
• Determining the type(s) of financing that are most appropriate for you
• Why an SBA loan may or may not be appropriate for our business
• How to use your professional advisers and contacts to develop credibility
As President of Business Lending Solutions, David Enquist always has a finger on the pulse of the banking market in the Chicago area. David’s company assists entrepreneurs on a success basis to find bank financing for expansions, acquisitions, and refinancing. So, to make any money, he constantly needs to know what banks are providing loans to which industries and on what terms.
Donald Leighton is an experienced commercial lending officer with First Midwest Bank, a bank that focuses on making commercial loans to small and mid-sized companies.
Tom Meyer is an expert on SBA loans, having spent over a decade directing the SBA programs in the Chicago area for major banks. He is now with Wells Fargo. Over the past decade, Tom has funded some $200 million in SBA loans.