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Business Loans

Business & Investor Real Estate Loans

We provide competitively priced purchase financing, refinancing and construction loan options for a range of property types, including investment and owner-occupied real estate, retail, office, and multi-family residential. All loans are subject to appropriate underwriting and structure. Ottawa Savings Bank is dedicated to meeting the real estate financing needs of our clients in the markets that we serve.

 

Lines of Credit

We provide revolving lines of credit, both secured and unsecured, to provide cash to meet your operating needs. Lines are available to finance receivables, purchase inventory, make general purchases, and for other short-term business needs. Typically, our lines are annually renewable with low fees.

Please Note: Ottawa Savings Bank is committed to protecting your privacy and ensuring your private information is secure. For your protection, please do not send sensitive information such as account numbers, Social Security Numbers or private information through email.

Equipment / Machinery / Business Vehicle Term Loans

We provide term loans to assist you in purchasing new equipment, machinery, vehicles and more. We will also provide financing for capital improvement purposes or to expand your current facilities if you have outgrown them.

Contact Mark Stoudt, Chief Lending Officer or Corey Tedford our Commercial Loan Officer to discuss what Ottawa Savings Bank can do for you and your business!

Mark Stoudt
NMLS#464309
Chief Lending Officer
(815) 366-5458
[email protected]

Mark Stoudt has been with Ottawa Savings Bank since 2008 as the Commercial Banking Officer. Mark has been involved in community banking for over 25 years with the past 20 years serving the business area in Ottawa and surrounding communities. He currently serves as a Board Member of Habitat for Humanity of LaSalle, Bureau and Putnam Counties and the Ottawa Port District. Mr. Stoudt received a Bachelor’s degree in Business Administration from Lewis University in Romeoville, IL.

Corey Tedford
NMLS#
645752
Commercial Loan Officer
1508 Creek Dr.
Morris, IL 60450
815-714-1007 (cell)
815-366-5478 (direct)
815-941-0194 (fax)
[email protected]

 

Corey Tedford has been a Morris resident for nearly 10 years. Corey has been a Commercial Loan Officer at Twin Oaks Savings Bank, A Division of Ottawa Savings Bank, in Morris since 2017.  He has been helping clients with all aspects of community banking for over 12 years, focusing on the business areas of Ottawa, Morris, and the surrounding communities. Mr. Tedford currently serves as a Board Member of The Starved Rock Regional Center for Therapy and Child Development.  Corey received a Bachelor’s degree in Business Administration from Monmouth College, in Monmouth, Illinois and his M.B.A from Lewis University in Romeoville, Illinois.