Centrust Bank Helps Entrepreneur Reach Long Term Business Goals with SBA Program

Challenged to continue to infuse the business with working capital to meet the evolving growth for her full-service boutique marketing agency, the CEO and owner of Bee-line Communications, Stacey McClenathan, struggled to find the right Chicago area banking partner.

Challenged to continue to infuse the business with working capital to meet the evolving growth for her full-service boutique marketing agency, the CEO and owner of Bee-line Communications, Stacey McClenathan, struggled to find the right Chicago area banking partner. A long time client of a “big bank,” McClenathan craved the old school approach to community banking when your banking partner was truly invested in a company’s short and long term growth. Centrust proved to be the perfect partner.

Through Centrust Bank’s SBA Programs, they provided Bee-line Communications with the most desirable and secure financing method to help grow the business; in turn, Bee-line Communications was able to help countless clients boost their marketing efforts and see profits.

“Centrust quite simply is a solution-orientated bank committed to helping entrepreneurs,” said owner McClenathan.

Centrust’s SBA Programs

The U.S. Small Business Administration’s Illinois District Office guaranteed more than $1.1 billion in loans in the fiscal year 2018. Centrust Bank’s participation in the lending program helps finance small businesses, as well as support jobs and economic development. Community banking principles and best practices are the core mission for Centrust Bank.

The Centrust SBA Specialists team understands all the complexities involved in putting together an SBA loan. As one of the top SBA lending banks in the state of Illinois, Centrust is guaranteed to have superior customer service. The primary benefits of SBA Loans include longer terms, longer amortizations, fully amortizing with no balloons, favorable interest rates, less equity-down requirements, and other situations where there may not be enough collateral to secure a traditional loan. As a community bank, Centrust provides both the SBA 7A and SBA 504 loan programs.

“We meet with our Customers face-to-face, person-to-person, at times and places most convenient for business owners and depositors. We routinely extend business hours past lobby hours and into meal times to engage with our clients,” states James I. McMahon, Chief Executive Officer, Centrust Bank.

About Bee Line Communications

Bee-line Communications opened its doors in 2005 with a unique blend of talent that largely came from the client side, and was augmented with killer creatives. Founder and CEO, Stacey McClenathan, insisted on developing an agency she always wanted to hire. A creative agency that understood speed-to-market, clever execution, what it means to be globally fluent, and how to read and analyze a financial statement with an eye to what will make a difference.

In the industry, many agencies are just about the creative. Bee-line is about the creative, but more importantly, they are about achieving business results. Maniacally focused on learning, not only how the clients tick, but what makes those clients’ clients tick.

This focus has landed them on the Inc. 500/5000 list of the fastest-growing, privately held companies, won numerous awards, and has gotten them featured on AMC’s award-winning show “The Pitch.”

About Centrust Bank

Founded in 2006, Centrust Bank has grown to become a leading Chicago area community bank that focuses on helping small to mid-sized businesses grow safely and profitably. Centrust, a leader in commercial finance in Illinois, provides SBA and equipment loans, commercial lines of credit, working capital, as well as many other financing options, to entrepreneurs that are looking to grow and expand their business.

To learn more or to contact Centrust Bank, please visit their website: www.centrustbank.com

Centrust Bank is an Equal Housing Lender. Member FDIC.

Contact Info:
Name: Tom Meyer
Email: Send Email
Organization: Centrust Bank
Address: 385 Waukegan Rd, Northbrook, IL 60062, United States
Website: https://centrustbank.com

Source: PressCable

Release ID: 88942971