When Nite Owl Prints started in 2011, they realized the staggering request for on-demand printing. They used a combination of debt and equity to start their business. The short terms on all of their debt was affecting the businesses’ ability to grow. Nite Owl was able to work with Centrust Bank to refinance all of their equipment in a long-term financing program and establish a working line of credit. Through their help, Nite Owl was able to purchase the equipment and technology they needed in order to, continue their business and elevate their services.
Centrust’s SVP Tom Meyer said, “Working with companies like Nite Owl is one of the greatest things we can do as a bank. Supporting small businesses and helping their dreams come true is what we stand for at Centrust.”
What Centrust Has to Offer Small Businesses
Centrust offers small businesses the opportunity to grow through their small business financing programs. With a strong team of SBA specialists who understand the complexity of structuring an SBA program, Centrust is there to allow small businesses to flourish. These programs help get business everything they need from equipment, business acquisition, expansion, working capital, and exports.
As a community bank, Centrust provides both the SBA 7A and SBA 504 programs. They also happen to be one of the top SBA lending banks in the state of Illinois. Centrust and their talented SBA Lenders have years of specializing in SBA lending experience. It is their job to make SBA loans quick and simple.
For more information, contact Tom Meyer at 847-899-3793.
Centrust Bank provides primarily commercial banking services. Its commercial banking products include commercial and industrial financing programs, as well as commercial real estate, construction, and multi-family investments. Additionally, it originates this financing through the Small Business Administration related to business acquisitions and commercial real estate financing tied to the hospitality industry. The Bank provides both commercial and consumer deposit accounts, including checking accounts, savings accounts, money market accounts, certificates of deposits, IRA and escrow deposit services. In addition, the Bank provides commercial and consumer banking services, including online banking, remote deposit capture, and online bill pay.
Centrust Bank was founded in 2006 and is a wholly owned subsidiary of United Community Bancshares, Inc., who purchased the Bank in 2012. The Bank is based and located in Northbrook, Illinois.
About Nite Owl Prints
Nite Owl Prints, a company founded in Downers Grove, Illinois, is a Full-Service Printing business. They create a vast array of products including cards, flyers, postcards, brochures, magazines, banners, posters, catalogs, door hangers, graphic/web design, and more.
Release ID: 88930176