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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]

Chief Lending Officer Mark Stoudt has been with Ottawa Savings Bank since 2008. Mark has been a community banker for over 25 years and has been serving the commercial banking needs of customers in Ottawa and the surrounding communities for the past 20 years. He currently serves as a board member of Habitat for Humanity of LaSalle, Bureau and Putnam Counties and the Ottawa Port District. Mark holds a Bachelor of Science 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 over 10 years and has been a Commercial Loan Officer at Twin Oaks Savings Bank, A Division of Ottawa Savings Bank, in Morris since 2017.  He has been serving the commercial banking needs of customers in Ottawa, Morris and the surrounding communities for over 12 years. Corey currently serves as a board member of The Starved Rock Regional Center for Therapy and Child Development.  Corey earned his a Bachelor of Science degree in Business Administration from Monmouth College, in Monmouth, Illinois and his M.B.A from Lewis University in Romeoville, Illinois. 

Kevin Hughes
NMLS#894542

Commercial Loan Officer
925 LaSalle St. 
Ottawa, IL 61350
815-343-7903 (cell)
815-366-5477 (direct)
[email protected]

Kevin Hughes is a lifelong resident of the Ottawa area and has worked in community banking in Ottawa and the surrounding communities for the past 22 years, primarily as a commercial and agricultural lender. Kevin currently serves on the fundraising committee for the LaSalle County Farm Bureau Foundation’s Ag in the Classroom program. Kevin received a Bachelor of Science degree in Finance from Illinois State University in Normal, IL.

Jim Blalock
NMLS#894543

Commercial Loan Officer
566 Brookforest Center 
Shorewood, IL 60404
630-940-5705 (cell)
[email protected]

Jim Blalock has over 36 years of banking and lending experience and is extremely devoted to serving the needs of his customers. Jim earned his Bachelor of Science degree in Finance from Eastern Illinois University in Charleston, IL. He serves as a board member of the Seneca Grade School Foundation and is also a member of the Finance Committee of the Grundy Economic Development Council. Jim currently resides in Oswego, and his office is located in our Shorewood LPO. He serves the commercial banking needs of customers throughout Will, Grundy, Kendall, and LaSalle Counties.