 708-597-8884 - S.W. |
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Our guiding principle: Envision Mortgage Solutions thrives only on honesty, on honor, on the sacredness of obligations, on faithful dedication to our clients and colleagues, and on unselfish performance. Without them, it cannot live. |
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Envision Mortgage Solutions is an Illinois Residential Mortgage Licensee and a local Chicagoland company to provide personal service: Crestwood Office
4731 Midlothian Tpke #32
[contact us] [directions]Crestwood, IL 60445 [708] 597-8884
Licensed with the Illinois Department of Financial & Professional Regulation # MB.6759105 and is a member in good standing with the Illinois Association of Mortgage Professionals www.iamp.biz, the National Assoc. of Mortgage Brokers, and the Illinois Secretary of State. |
| Myth: | It takes four to six months to get a SBA Loan processed. |
| Fact: | Completed loan applications from banks average 10 working days. |
| Myth: | SBA only provides free business counseling to business people with SBA loans. |
| Fact: | SBA provides free business counseling to all business people. |
| Myth: | SBA provides no assistance in helping a business get federal contracts from the government. |
| Fact: | SBA has procurement assistance at Small Business Development Centers across the country. |
| Myth: | A business person can get cheaper interest rates for business loans from SBA. |
| Fact: | SBA does not provide lower interest rates for small business people. Interest rates are negotiable with the bank, but are limited to 2.25% above the prime rate in the Wall Street Journal for loans with maturities of less than 7 years, and limited 2.75% with maturities of 7 years or more. |
| Myth: | Small loans are not available through SBA. |
| Fact: | SBA provides an incentive to banks to make loans under $50,000 by reducing their guarantee fee by half. |
| Myth: | SBA has no specialized programs to assist minority business persons. |
| Fact: | SBA's 8(a) and 7(j) programs provide specialized management and technical assistance to minorities. |
| Myth: | There are few SBA loan programs. |
| Fact: | SBA finance programs provide a wide spectrum of opportunities including Guaranteed Loan, Handicapped Assistance, Contract Loan, Veterans Loan, Exported Revolving LOC, and Small Business ($50,000 and less). |
| Myth: | SBA has no programs to assist veterans. |
| Fact: | SBA gives veterans priority when their loan application arrives in the office or when they need business counseling to start a small business. |
| Myth: | SBA has grants to start or expand a small business. |
| Fact: | SBA has NO grant program to start or expand a small business. |
| Myth: | Contractors receive no assistance from SBA. |
| Fact: | SBA's Surety Bond Guarantee Program assists contractors with their Bid Bond, Performance Bond, and Payment Bond. |
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