Wintrust Financial Small Business Loans

Wintrust is a financial holding company that operates fifteen chartered commercial banks in Southern Wisconsin and Northern Illinois. Wintrust Financial is one of the largest banking institutes in America and is listed on the Nasdaq Global Select Market.

Wintrust financial also provides a large array of business loans, each comes with a specific purpose, but they are all designed to aid businesses. Below we have discussed the three types of SBA loans provided by Wintrust financial.

17.SBA 7(a) Loan

18.SBA Express Line of Credit

19.SBA 504 Loan

Types of Loans offered by Wintrust Financial

1. SBA 7(a) Loan

2. SBA Express Line of Credit

3. SBA 504 Loan

20.Wintrust Business Credit

With the unstable economic conditions currently present in the market, businesses need to hire experienced lenders with a deep understanding of the business. Wintrust business credit is delivered through Wintrust commercial bank, and it provides businesses with revolving lines of credit on inventory and accounts receivable.

21.Commercial Real Estate

Wintrust financial is with you from the initial planning to the final stages of loan approval. The purpose of commercial real estate is to acquire businesses, refinance, and renovate existing businesses, and come with long and flexible terms.

22.Commercial Financing

Wintrust financial is a specialist when it comes to financing fixed assets such as real estate, equipment, and plants.

Wintrust Financial Interests, Fees, and Loan Options

28.SBA (7A)

29.SBA/CDC 504 Loan Program

30.SBA Express Lines of Credit

31.Wintrust Business Credit

32.Commercial Real Estate

33.Commercial Financing

What Lending Criteria does Wintrust Financial Have?

Below is the basic lending criteria that all the banks follow:

Credit Score

Credit is the most important component of all types of businesses, whether they are small or large. Lenders will always analyze the business's credit score and then decide whether it can pay the loan or not. Therefore, the best way to maintain a healthy credit score is to pay your dues on time.

Credit scores can also be easily obtained from several agencies such as Equifax, Dun & Bradstreet, and Experian. Another way of maintaining a positive credit score is to have a low debt-to-income ratio. Lenders will not invest in businesses that don't have a good credit score.

Annual Revenue

Another important factor that the lenders will review is the annual revenue of the business. Most lenders will only lend to those businesses that have been profitable for the last two years or more. Businesses need to make sure that all the financial statements are accurate and up to date.

Lenders will also look at specific details such as the current account (current assets divided by liabilities) and ask for copies of bank statements and transactions. However, businesses will only be eligible for a loan if their cash flow is growing.

Business Plan

A minority of lenders might not ask for a business plan, but most of them do, and businesses need to come with a clear and concise proposal. Usually, lenders require the business plan to know the purpose of the loan and discuss the business's stability.

One of the main components of business plans is the resumes of managers and staff. However, despite having a clear business proposal, the lenders will still ask for proof of the staff's ability and relevant credentials and experience.


Collateral is an essential requirement, and most lenders will not provide a business loan if it cannot give collateral. Collateral can be anything like equipment or property. The collateral will also decrease the risk for the lender as it will have an asset in hand, so if the company fails to pay the loan, the collateral can be paid to fund the damages.

The owner of the company needs to provide a personal guarantee and will also need to submit some essential documents:

Time in Business

Most banks are hesitant to lend loans to new companies that have been active for just a few months. Lenders cannot trust small businesses or startups that have just entered the market because they don't have a proper credit score and the cash flow is usually unstable. Banks will most likely lend to businesses that have been active for more than two years.

Wintrust Financial Group Application

Following is the application procedure of all the banks that borrowers have to follow:

Before you apply for a loan, ensure that all your documentation is up to date. Also, organize all the documents properly, and if some essential documents are missing, contact the relevant authorities. Collect all the financial information about your business and pay all the dues as soon as possible.

For more information, check out the website of Wintrust financial.

Requirements for SBA Loans

For more information on SBA loans, click here.

Summary of Wintrust Financial Loan Options

Wintrust Financial is a financial holding company that runs over fifteen commercial banks. Small businesses are struggling, and on most occasions, they need more than just one loan. While SBA loans are beneficial, they are rarely enough, especially for businesses with inconsistent cash flow. Below we have given the list of all the loans that Wintrust Financial offers:

Even though the interest rates and fees data are inconsistent, we know that SBA loans charge a small number of fees, usually 0.25 or 0.5 % of the loan. Lines of credit have no fees attached to them, and the borrower will get a consistent amount for a certain period of time. Interest rates and fees of commercial real estate vary because it depends on the bank.

However, borrowers cannot miss a crucial step, which is the eligibility criteria. Before applying for any loan, especially SBA-backed loans, read the eligibility criteria, as SBA loans consider the businesses technical details before giving away the loan.

Borrowers should have a proper credit score and credit history before they apply for the loans. Also, make sure that all your financial documents and balance sheet are up to date as the bank will review all that.

If you have any outstanding debts, make sure you pay them off before signing up for the loan. If any documents are missing, inform the bank or contact the concerned authority. Make sure that you don't miss out on anything.