Compare 16 business loans companies serving Chicago, Illinois. Average rating: 4.3/5.
Illinois enacted the Predatory Loan Prevention Act in 2021, capping all consumer loans at 36% APR including fees, effectively banning traditional payday lending. The DFPR enforces comprehensive lending regulations. Consumers can file complaints online with DFPR or the Attorney General's office.
Business consulting and coaching firm helping entrepreneurs improve credit profiles and access funding through lender compliance and strategic planning.
Best for: Early-stage business owners needing guidance on business structure and lender readiness, Entrepreneurs with weak personal or business credit seeking improvement strategies before applying for loans
Breclaw Capital is a private money lender specializing in hard money loans for non-owner occupied investment properties, fix-and-flip deals, and commercial real estate in the Chicago area.
Best for: Real estate investors needing rapid funding for fix-and-flip or rehab projects with tight timelines, Commercial and multifamily property investors seeking non-traditional financing sources
Capital Source Group provides flexible business financing solutions including revenue-based lending, invoice financing, and equipment loans for growing companies seeking quick capital deployment.
Best for: Growing businesses with consistent revenue streams needing quick working capital, Companies with strong accounts receivable seeking invoice or PO financing
Complete Controller provides outsourced bookkeeping and accounting services for small to mid-size Chicago businesses, handling monthly reconciliation, payroll coordination, and financial reporting.
Best for: Chicago small business owners (agencies, contractors, professional services, real estate investors) who lack in-house accounting capacity and want predictable monthly costs, Businesses with messy or behind QuickBooks files seeking cleanup and catch-up support before tax season
Business consulting agency offering corporate structure guidance, business funding strategies, and mentorship to help entrepreneurs access capital and structure their companies for lender approval.
Best for: Entrepreneurs seeking guidance on corporate structure and business entity setup before approaching lenders, Small business owners wanting mentorship on presenting their business to banks and financial institutions
Kora provides cash flow underwriting software for auto lenders and dealers, analyzing bank statements and transaction data to verify income and assess creditworthiness for loan decisions.
Best for: Auto dealers seeking faster, data-driven income verification for customers without traditional credit scores, Auto lenders looking to improve approval rates and portfolio performance for thin-file or no-hit borrowers
Business consulting and coaching firm helping entrepreneurs improve credit profiles and access funding through lender compliance and strategic planning.
Best for: Early-stage business owners needing guidance on business structure and lender readiness, Entrepreneurs with weak personal or business credit seeking improvement strategies before applying for loans
Breclaw Capital is a private money lender specializing in hard money loans for non-owner occupied investment properties, fix-and-flip deals, and commercial real estate in the Chicago area.
Best for: Real estate investors needing rapid funding for fix-and-flip or rehab projects with tight timelines, Commercial and multifamily property investors seeking non-traditional financing sources
Capital Source Group provides flexible business financing solutions including revenue-based lending, invoice financing, and equipment loans for growing companies seeking quick capital deployment.
Best for: Growing businesses with consistent revenue streams needing quick working capital, Companies with strong accounts receivable seeking invoice or PO financing
Complete Controller provides outsourced bookkeeping and accounting services for small to mid-size Chicago businesses, handling monthly reconciliation, payroll coordination, and financial reporting.
Best for: Chicago small business owners (agencies, contractors, professional services, real estate investors) who lack in-house accounting capacity and want predictable monthly costs, Businesses with messy or behind QuickBooks files seeking cleanup and catch-up support before tax season
Business consulting agency offering corporate structure guidance, business funding strategies, and mentorship to help entrepreneurs access capital and structure their companies for lender approval.
Best for: Entrepreneurs seeking guidance on corporate structure and business entity setup before approaching lenders, Small business owners wanting mentorship on presenting their business to banks and financial institutions
Kora provides cash flow underwriting software for auto lenders and dealers, analyzing bank statements and transaction data to verify income and assess creditworthiness for loan decisions.
Best for: Auto dealers seeking faster, data-driven income verification for customers without traditional credit scores, Auto lenders looking to improve approval rates and portfolio performance for thin-file or no-hit borrowers
Purchase Order Financing provides working capital to businesses by using confirmed purchase orders as collateral, funding up to 100% of supplier costs for orders ranging $500Kâ$25M.
Best for: Resellers and distributors with confirmed large purchase orders exceeding their working capital capacity, Government contractors with valid government purchase orders seeking fast, non-dilutive funding
SomerCor is a certified nonprofit SBA lender serving Illinois, Indiana, and Wisconsin since 1992, specializing in SBA 504 loans for small business expansion and real estate financing.
Best for: Midwest small business owners in Illinois, Indiana, or Wisconsin seeking $125,000+ for real estate, equipment, or expansion, Veteran entrepreneurs qualifying for SBA 504 veteran-specific lending products
Thrivest Link provides pre-settlement and lawsuit funding to plaintiffs awaiting case settlements, offering cash advances based on pending litigation rather than credit scores.
Best for: Personal injury plaintiffs with pending lawsuits who need immediate cash to cover living expenses, Attorneys and law firms seeking to finance case costs or provide client advances during protracted litigation
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Best for: Consumers in Chicago, Illinois looking for personal lending services, People who prefer working with a local personal lending provider
CardX by Stax enables businesses to accept credit cards at 0% net cost through compliant surcharging, allowing merchants to pass card fees to customers while keeping 100% of sales.
Best for: Small to mid-sized businesses in surcharge-eligible states seeking to reduce payment processing costs, Government agencies and educational institutions with strict compliance and affordability requirements
Fresh Lending Group is a Chicago-based private lender specializing in real estate investment financing, offering fix-and-flip loans, rental property mortgages, and construction financing with rates starting at 3.49%.
Best for: Real estate fix-and-flip investors seeking short-term acquisition and rehabilitation financing, Rental property investors looking for long-term financing on non-owner occupied investment properties
NEWITY facilitates SBA 7(a) loans and proprietary Growth Term Loans up to $350,000 for small businesses, claiming to process applications 3x faster than the national average.
Best for: Small business owners with 2-3 years of operating history seeking $50,000-$350,000 in growth capital, Businesses needing faster SBA loan processing with minimal upfront documentation requirements
Private Lending Group Inc. is a hard money lender offering short-term and long-term real estate investment loans with 7-day closings, no tax return requirements, and flexible credit criteria.
Best for: Real estate investors seeking rehab or short-term project financing with tight timelines, Borrowers with damaged credit or minimal documentation rejected by traditional lenders
1st Bank Card Services is a merchant payment processor offering credit card processing, POS systems, and payment terminals for small to mid-sized retail and e-commerce businesses.
Best for: Small retail businesses (convenience stores, clothing boutiques, liquor outlets) already using existing POS systems and seeking wireless payment flexibility, E-commerce merchants needing API integration for online payment processing without switching platforms
Chicago-based nonprofit lender providing loans up to $500K, grants, coaching, and business support services primarily to underserved entrepreneurs including Black, Latinx, women, and low-income business owners.
Best for: Black and Latinx entrepreneurs seeking capital with community-focused support, Women business owners needing both financing and business coaching