The State Bank of Geneva

Locally owned since 1903

With what seems to be a bank on every corner, The State Bank of Geneva continues to successfully compete with larger conglomerates. "We have our roots where others have their branches", is certainly true in this time of buy-outs and mergers. The State Bank of Geneva was here yesterday, is here today, and will be here tomorrow.

Business Lending

At The State Bank of Geneva, we offer many types of commercial loans to meet your professional needs. No matter what the need: a new building, new equipment, a business loan, or even a line of credit, we can help you through the process. You can depend on prompt, responsive, local lending decisions, competitive rates, and personalized service. We are a locally-owned Bank, which understands our market and can give you the tools to help you reach your business goals.

Commercial Mortgages

Commercial Lines of Credit

Commercial Term Loans

Commercial Letters of Credit

 

Commercial Mortgages

The State Bank of Geneva understands commercial mortgages! That’s a cornerstone of our business. If you are shopping for a new building, looking to refinance an existing commercial mortgage, or want to add an addition to expand your current building, we can assist your needs with low closing costs, a highly competitive interest rate and rapid processing.

We offer purchase loans, refinance loans, and investment property financing. Terms typically include a 5 year balloon, fixed or variable rates, low closing costs, and we can even arrange payment via an auto debit from your checking account at The State Bank of Geneva as a convenience to you.

For more information or to make an appointment, contact a commercial banker at (630) 232-3223.

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Commercial Lines of Credit

The State Bank of Geneva understands the needs of businesses and we realize that your business may have ongoing capital needs, such as purchasing capital goods, funding accounts receivable, or the unexpected expenses that arise from time to time. Our commercial line of credit may assist you in financing these shorter term obligations.

Your credit line limit is established by the Bank and revolves throughout the year, allowing you to borrow when needed and repay part or all of the balance to manage the available credit and interest expense.

For more information or to make an appointment, please call our loan department at (630) 232-3223.

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Commercial Term Loans

The State Bank of Geneva offers commercial term loans to meet your long term financing needs. If you want to purchase equipment, machinery, or a vehicle, our commercial term loan product offers a fixed monthly payment at a highly competitive interest rate.

We offer fixed monthly payments, specific repayment terms, low fixed rates, low documentation fees, and for your convenience we can auto debit the payment from a State Bank of Geneva account.

For more information or to make an appointment, please call our loan department at (630) 232-3223.

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Commercial Letters of Credit

The State Bank of Geneva offers Stand-by Letters of Credit for specific commercial projects.

For more information or to make an appointment, contact a commercial banker at (630) 232-3223.

Items that may be requested for a Business Loan Application:

  • Personal Financial Statement
  • 2 years Tax Returns and Financials, both business and personal
  • Interim Business Financial Statements
  • Schedule of Business Debt