How Do I Get a Business Loan Today?
April 18, 2011: 6:30 PM - 8:45 PM
Want to know how and where to obtain a business loan in the Chicago area? For owners or buyers of small to mid-sized businesses, this may be the most difficult time to obtain a bank loan in 70 years! So, come to learn the secrets of finding banks and other lenders that are actually making loans today. Our panel features three leading experts on lending to mid-sized companies in the Chicago area.
Northern Illinois University - Naperville Campus
First Floor Lobby and Auditorium
1120 East Diehl Road
Driving Directions:Take I-88 to Naperville Road exit. Turn south at traffic light at end of exit ramp (left turn if coming from the East). Go to "T" and turn right onto Diehl Road. Go 2-3 blocks and NIU campus will be on the left, across from the Hampton Inn. Turn left onto driveway at west side of NIU building. Park behind building. Enter middle door.
$25.00 for general public;$20.00 for Chicago Booth alumni/students/faculty and for Roundtable members.
$5.00 discount if register by April 13th.
Register by April 13th to save $5.00!
6:30 PM-7:15 PM: Networking and refreshments
7:15 PM-8:45 PM: Program with panel
Bill Wentz, '88
Three leading experts on lending to mid-sized companies in the Chicago area will discuss the practical side of obtaining a loan today:
1. Questions to ask bankers in order to determine if their bank is lending now
2. How to quickly focus on the banks that are most likely to provide a loan
3. Lenders that are often good alternatives to banks
4. Information that will facilitate the loan approval process
5. Determining the type(s) of financing that are most appropriate for you
6. Why an SBA loan may or may not be appropriate for your business
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 financing for expansions, acquisitions, and refinancing. He is a recognized authority on SBA guaranteed loans. David has helped small and mid-sized businesses obtain more than $400 million in commercial loans.
Michael O’Rourke is President, CEO and a Founder of Signature Bank in Chicago, one of the most successful new banks in the Midwest. With over 20 years experience in commercial lending with Associated Bank and LaSalle Bank, he provides fresh insights into banking for middle market companies and about current regulatory policies toward the banks that serve the middle market.
Tom Stamborski is President of Liquid Capital of Illinois. Liquid capital is a company that provides asset-based loans and factoring of accounts receivable. For many businesses, factoring is an alternative to asset-based bank loans and may be the only alternative when banks are not willing to lend.