States Served
Top Industries Financed
- Plumbing, Heating, and Air-Conditioning Contractors
Quick Summary
Better Banks is an SBA-approved lender headquartered in PEORIA, Illinois. Since 2020, they have approved 1 SBA 7(a) loans totaling $240K, with an average loan size of $240K. They primarily serve Illinois businesses.
About Better Banks
Better Banks is an SBA-approved lender headquartered in PEORIA, Illinois. Since 2020, they have approved 1 SBA 7(a) loans totaling $240K, with an average loan size of $240K. They primarily serve businesses in Illinois.
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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Better Banks an SBA Preferred Lender?
Better Banks is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Better Banks approved?
According to SBA FOIA public records, Better Banks has approved 1 SBA 7(a) loans totaling $240K since 2020. Their average loan size is $240K.
What states does Better Banks serve?
Better Banks primarily serves businesses in Illinois.
How do I apply for an SBA loan with Better Banks?
To apply for an SBA 7(a) loan with Better Banks, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days