Illinois and Indiana Banks that Increased their Business Lending year-over-year through the Small Business Lending Fund.

These Illinois and Indiana banks below increased their business lending year-over-year, according to a US Treasury 2012 article:

... Treasury sent a report to Congress that contains strong evidence that the Small Business Lending Fund (SBLF) is working. The report shows that institutions participating in the Small Business Lending Fund have significantly increased lending to small businesses, to the tune of $3.5 billion over their baseline (the average lending reported in the four quarters before the Small Business Jobs Act, which created the SBLF, was enacted). These loans are helping small businesses to grow, create jobs and support families in communities all across the nation.

Bancorp Financial, Inc.	Oak Brook	IL	6.6%
Community First Bancorp, Inc.	Fairview Heights	IL	20.6%
Community Illinois Corporation	Rock Falls	IL	10.6%
First Bankers Trustshares, Inc.	Quincy	IL	22.9%
First Community Financial Corporation	Elgin	IL	10.3%
First Eldorado Bancshares, Inc.	Eldorado	IL	5.6%
First Robinson Financial Corporation	Robinson	IL	30.5%
Heartland Bancorp, Inc.	Bloomington	IL	2.5%
IFF	Chicago	IL	12.4%
Illinois State Bancorp, Inc.	Chicago	IL	4.3%
Merchants and Manufacturers Bank Corporation	Joliet	IL	11.5%
People First Bancshares, Inc.	Pana	IL	12.4%
Prime Banc Corp.	Dieterich	IL	8.5%
Signature Bancorporation, Inc.	Chicago	IL	13.8%
Southern Illinois Bancorp, Inc.	Carmi	IL	18.5%
Town and Country Financial Corporation	Springfield	IL	5.4%
Tri-County Financial Group, Inc.	Mendota	IL	11.7%
United Community Bancorp, Inc.	Chatham	IL	9.1%
AMB Financial Corp.	Munster	IN	1.8%
Community Bank Shares of Indiana, Inc.	New Albany	IN	9.0%
First Savings Financial Group, Inc.	Clarksville	IN	51.5%
Horizon Bancorp	Michigan City	IN	6.5%

Source: Treasury website, Small Business Lending Successes By: Don Graves-1/10/2012

1. SBA Loan Application – To begin the process, you will need to complete an SBA loan application form. Access the most current form here: Application for Business Loan - SBA Form 4.

2. Personal Background and Financial Statement – To assess your eligibility, the SBA also requires you complete the following forms:

• Statement of Personal History - SBA Form 912
• Personal Financial Statement - SBA Form 413

3. Business Financial Statements – To support your application and demonstrate your ability to repay the loan, prepare and include the following financial statements:

• Profit and Loss (P&L) Statement – This must be current within 90 days of your application. Also include supplementary schedules from the last three fiscal years.
• Projected Financial Statements – Include a detailed, one-year projection of income and finances and attach a written explanation as to how you expect to achieve this projection.

4. Ownership and Affiliations – Include a list of names and addresses of any subsidiaries and affiliates, including concerns in which you hold a controlling interest and other concerns that may be affiliated by stock ownership, franchise, proposed merger or otherwise with you.

5. Business Certificate/License – Your original business license or certificate of doing business.   If your business is a corporation, stamp your corporate seal on the SBA loan application form.

6. Loan Application History – Include records of any loans you may have applied for in the past.

7. Income Tax Returns – Include signed personal and business federal income tax returns of your business’ principals for previous three years.

8. Résumés – Include personal résumés for each principal.

9. Business Overview and History – Provide a brief history of the business and its challenges. Include an explanation of why the SBA loan is needed and how it will help the business.

10. Business Lease – Include a copy of your business lease, or note from your landlord, giving terms of proposed lease.

11. If You are Purchasing an Existing Business – The following information is needed for purchasing an existing business:

• Current balance sheet and P&L statement of business to be purchased
• Previous two years federal income tax returns of the business
• Proposed Bill of Sale including Terms of Sale
• Asking price with schedule of inventory, machinery and equipment, furniture and fixtures

Documentation requirements will
vary depending upon the purpose of
the loan. Contact your lender for the
information you must supply.
Common requirements include the
following:
• Purpose of the loan
• History of the business
• Financial statements for three years
(existing businesses)
• Schedule of term debts (existing
businesses)
• Aging of accounts receivable and
payable (existing businesses)
• Projected opening-day balance sheet
(new businesses)
• Lease details
• Amount of investment in the
business by the owner(s)
• Projections of income, expenses and
cash flow as well as an explanation
of the assumptions used to develop
these projections
• Personal financial statements on the
principal owners
• Resume(s) of the principal owners
and managers.