First American Bank

Listed

Bank for asset based lending and business lines of creditElk Grove Village, IllinoisBased in Illinois; service area not yet provided

BBLL 000924Listed Oct 2026From public recordsLast checked Oct 31, 2026

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About

First American Bank offers asset-based revolving credit and SBA Express financing. Its asset-based structure uses receivables and inventory collateral with collections reducing the loan balance; its Express menu also includes export financing.

Bank. Lends to businesses from its own deposits.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Asset based lending Business lines of credit Working capital loans

From the lender's own site and public records.

A second look at First American Bank

Direct bank lender; individual facilities remain subject to bank underwriting.

Published by Levr, not by First American Bank. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Business lending

Asset-based collateral: Receivables and inventory can secure a revolving line, including businesses without sufficient fixed assets.
Collections structure: Customer collections pay down the asset-based facility; the borrower draws again for bills and inventory.
SBA Express: Up to $500,000 with working-capital line options and fixed or variable rates.
Export Express: Up to $500,000 for eligible exporters or new exporters, including term and working-capital structures.

Provider sources: Asset-based lending · SBA Express

When it may fit

Our assessment of the published programs

Could suit an operator comparing receivables-backed liquidity with an SBA-backed facility.

What to weigh carefully

The bank identifies locations in Illinois, Wisconsin and Florida; confirm transaction geography, eligible collateral and program qualifications.

Questions before you accept an offer

What advance rates, reserves and collection controls apply?
Is conventional ABL or SBA Express better suited to the business?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

How to compare business loan offers

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Wells Fargo

Compare Wells Fargo for U.S. business credit and equipment financing; confirm geographic availability.

U.S. Bank

Compare U.S. Bank for conventional and SBA business credit; confirm local service and transaction fit.

The lender

Type: Bank
Legal name: First American Bank
Founded: 1901
Charter: Not yet provided Add it
Headquarters: Elk Grove Village, Illinois
Service area: Based in Illinois; service area not yet provided
Meets in person: Not yet provided Add it
Languages: Not yet provided Add it
Program approvals: Not yet provided Add it
Also lends to consumers: Not yet provided Add it
Website: firstambank.com
LinkedIn: Not yet provided Add it

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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Request contact

Tell us what your business needs. Our team reviews your request before arranging the next step.

Charter and approvals

FDIC certificate, 3657Record

Each one links to its official record.

Location

Based in Illinois; service area not yet provided.

Sources: FDIC BankFind institution record (Oct 31, 2026), FDIC financial report, June 30, 2026 (Oct 31, 2026), Asset-based lending (Oct 31, 2026), SBA Express (Oct 31, 2026).

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