North Side Federal Savings and Loan Association of Chicago

North Side Federal Savings and Loan Association of Chicago is a Chicago, IL-based thrift with roughly eighty years in operation. It offers small businesses a range of commercial financing options including lines of credit, commercial real estate financing, construction finance, equipment finance, and term loans. As a community-oriented savings and loan, it appears best suited for borrowers in the Chicago area seeking a relationship-based lender. One notable concern: in 2023, the institution entered into a Formal Agreement with the Office of the Comptroller of the Currency — a regulatory enforcement action that prospective borrowers should weigh carefully before applying. Specific terms, minimum qualifications, and approval requirements are not publicly detailed, so borrowers will need to contact the lender directly to assess fit. Given the active regulatory action, due diligence is advisable.