Three years ago, Centrust Bank helped a woman entrepreneur purchase a Pure Barre studio in Kildeer where she could help empower families in a community that values fitness. Since then, Centrust has provided her with an additional SBA 7a loan to open up a second location in Vernon Hills for leasehold improvements, equipment, inventory, and working capital. Due to the overwhelming success, and with the help of our SBA loans, she is planning to expand into South Barrington in the next year.
1. We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, SmartBiz Bank and the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may impact your credit score.
The Centrust Blog and other related communications from Centrust Bank, a division of SmartBiz Bank℠, are intended to provide general information on relevant topics for managing small businesses. Be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed. Please consult legal and financial professionals for further information.
