SMART Business Financing

The PrivateBank offers financing solutions to provide working capital to your business. Our SMART Business Banking program was specifically designed to:

  • Provide you with options to help achieve your business goals
  • Answer your questions about loans or lines of credit
  • Help you make smart financial decisions for your business

Learn more about Smart Business Financing options by calling 877-448-6500 to speak with a Relationship Manager

SMART Term Loan SMART Revolving Line of Credit SMART Business Step Loan

A term loan requires you to make set payments on a regulars schedule over a predetermined period of time. With a term loan, you receive the loan proceeds up front.

A revolving line of credit provides access to a pre-determined borrowing amount to use at the borrower’s discretion. Funds are drawn as needed.

A Business Step Loan is another tool to help you build your company’s financial foundation. Loan proceeds are placed into an interest-bearing certificate of deposit. You make regularly monthly payments until the loan is repaid and the CD plus interest earned becomes yours.

Loan or Credit Amount

Loans up to $25,000

Lines of credit up to $25,000

Loan amounts of $500 – $10,000


Fixed Rate

Variable Rate

Fixed Rate


One-year term

364 Days

12-36 Months

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All loans subject to credit approval. Personal guaranty required for all SMART Business Financing. Terms and conditions apply.

This program is limited to businesses located in a low- or moderate income census tract in the following counties:

  • Illinois: Cook, DuPage, Grundy, Kane, Lake and Will counties
  • Michigan: Wayne, Oakland & Macomb counties
  • Missouri: St. Louis City and St. Louis County
  • Wisconsin: Milwaukee & Waukesha counties

To apply for a SMART Business Loan you will need a government-issued identification and proper licenses for your business, a 4506T and a copy of your most recent tax return if applicable. A personal guaranty is required for all SMARTBusiness Financing loans and lines of credit.