Working Capital
Cash for the weeks between paying people and suppliers and being paid by customers.
Waukegan, IL
Small Business Loans and Funding Options in Waukegan, IL
Tell us what the money pays for and when it is due. We match the job to one of six funding types and send it to funding partners for review.
Six funding types
6 funding types for Lake County, IL owners: wages, stock, equipment, growth and uneven months.
Business Term Loans
One sum, a fixed repayment schedule, often used to expand, renovate or buy a business.
Business Line of Credit
A limit you draw on when a month runs short and pay back as revenue comes in.
Inventory Financing
Funding to buy stock before it sells, repaid as that stock turns into sales.
Equipment Financing
Loans and leases for new or used machines, vehicles, chairs and kitchen gear.
Merchant Cash Advance
A purchase of future card sales, collected as a share of those sales.
Funding by industry
Fourteen industries, each with its own cash rhythm and the funding types that tend to suit it.
Restaurants
Restaurant business loans in Waukegan, IL: working capital, credit lines, kitchen and POS equipment financing, remodels and food trucks in Lake County, IL.
Construction
Contractor business loans in Waukegan, IL: working capital between draws, contractor credit lines and used construction equipment financing.
Medical & Dental
Medical and dental practice loans in Waukegan, IL: equipment financing, buildouts, practice purchases and working capital for Lake County, IL clinics.
Landscaping
Landscaping and lawn care business loans in Waukegan, IL: equipment financing for mowers and trucks, lines of credit for uneven months, and buying a route.
More industries
What Lake County, IL Owners Ask Ravenwood First
Brief replies to the first questions Lake County, IL owners raise.
Where does an Illinois owner start when seeking a business loan?
A
Decide what the money is for and when it is needed, gather recent bank statements and the latest tax return, then send a request. From there a partner reads it and gives an answer.
Are business loans near Waukegan, IL handled in person?
A
Ravenwood handles requests by phone and online form, so owners anywhere in Lake County, IL can use the service without a trip.
Is Ravenwood the one lending?
A
No. Funding partners lend or advance the money and set the terms. Ravenwood prepares the request and presents it to them.
Which businesses can request funding?
A
Most industries are within the partners' reach, though each decides for itself. Ravenwood does not arrange startup, SBA, trucking or agriculture programs.
Question not here? Call (847) 250-0440.
How it works
Purpose and date, records, a partner's review, then your decision.
Purpose and date
Phone us or send the form. Say what the money pays for and when it is due.
A matching structure
We suggest the funding type that fits and list the records partners tend to request.
Partner review
A partner reviews the request and, if it approves, sets the terms in writing.
Your decision
Read the terms, ask questions, then accept or walk away.
Send the Form, Expect a Call
Full name, phone, email, company name if you have one, three short pick-lists (time in business, annual revenue range, requested amount range) and a consent box.
Call (847) 250-0440
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