ABOC has been a mainstay of Chicago-area commercial lending for generations. We offer the competitive rates and limited fees you expect from a premier lender combined with the exceptional service, flexibility and rapid processing you can only find with a community bank. We can help you navigate the local business and regulatory climate to ensure a smooth and speedy loan process.
Commercial Real Estate Loans*
We offer mortgage loans for the purchase, rehabilitation, or construction of commercial properties, secured by the property. Choose between a variable-rate or fixed-rate loan with an initial fixed term of up to five years. Our mortgage experts can help determine the optimal loan terms based on your loan size, repayment timeline and business needs.
Acquisition / Refinance Loans
Whether you are looking to acquire a new property or to obtain more favorable terms on a property you already own, ABOC can work with you to craft the mortgage that meets your needs. Options include mortgages for owner-occupied properties or income-producing real estate.
- Select the amortization period that best meets your needs, with an initial fixed-rate term
- Variable rates are also available
Construction Loans
We offer flexible lending options for your commercial construction project.
- Because these loans are secured by the property, pricing can be very competitive
- Rates are generally variable, with periodic adjustments based on fluctuations in the variable index
Property Renovation Loans
If you are undertaking a rehabilitation project for an existing property, consider an ABOC property renovation loan. As with our other commercial real estate programs, these loans can be tailored to cater to your unique needs.
Commercial Loans*
Whether you are considering investing in a major initiative or simply looking to improve cash flow, ABOC offers a range of customized business financing options.
Working Capital Lines of Credit
Use your company’s assets and equity to increase your flexibility and invest in your business. Establish a line of credit as a funding source to address your business’s biggest challenges. A working capital line of credit can help you
- Manage seasonal fluctuations in inventory
- Order in larger quantities to secure volume discounts with vendors
- Manage payroll and other fixed expenses during seasonal lulls in sales
- And more!
Equipment Loans for Businesses
Considering a major investment in equipment? An ABOC equipment loan may be the best way to finance your plans.
- Fixed monthly installment payments
- Fixed rate over the life of the loan
- Competitive, flexible pricing
Letters of Credit for Businesses
ABOC also provides Letters of Credit as needed to meet your business’s needs.
Loan Officers
ABOC's Loan Officers NMLS and Registry Identification Numbers
| Loan Officer Name | Identification Number | Officer Location |
|---|---|---|
| Vanessa Berrios | 2418488 | Main Branch 30 North LaSalle Chicago, Illinois 60602 |
| Paul E. Mueller, Jr. | 657839 | Main Branch 30 North LaSalle Chicago, Illinois 60602 |
| William O. Kerth | 445918 | Main Branch 30 North LaSalle Chicago, Illinois 60602 |
| Sherry E. Dvorak | 657836 | Warrenville Branch 28600 Bella Vista Parkway Warrenville, Illinois 60555 |
We have three great options for small businesses:
- ABOC Business Rewards – Designed to give small businesses an easy way to manage their everyday expenses. Rewards accrue at 1 point per dollar on net purchases, and can be redeemed for a variety of merchandise or travel – including airline tickets on any airline (with no blackout dates)! Reduce your interest expenses with a 0% introductory Annual Percentage Rate (APR) on purchases and balance transfers for the first six billing cycles** (17.74%-26.74% variable APR, thereafter). See Important Disclosures.
- ABOC Business Cash Rewards – Prefer to redeem your rewards for statement credits? You’ll get 1% cash back on your statement for all of your net purchases. This card also features a 0% introductory APR on purchases and balance transfers for the first six billing cycles** (18.24%-28.24% variable APR, thereafter). See Important Disclosures.
- ABOC Small Business Edition – For businesses looking for a no-frills card with a competitive APR, this card features a 16.24%-25.24% variable APR that takes effect when the introductory 0% six-month purchase and balance transfer APR expires.** See Important Disclosures.
However, we haven’t forgotten the needs of larger businesses, non-profit organizations and municipalities:
- ABOC Company Rewards Charge Card – Card members are required to pay their balance in full every month, but they also earn 1 point per dollar on net purchases! Points can be redeemed for merchandise, travel and more. Comprehensive reporting and consolidated statements make it easy to track and manage business spending at the employee level.** See Important Disclosures.
All of our business credit card programs offer additional employee cards at no cost, fraud monitoring and $0 liability for unauthorized purchases, and 24/7 personal customer service. Apply today!
*Subject to credit approval and underwriting guidelines.
**See applications' Important Disclosures for current rates, fees and terms. This card is issued by TCM Bank, N.A. Subject to credit approval.