Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Blair, Wisconsin Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Blair, Wisconsin are available. You just need to talk to the right bank.

If you are planning on applying for a small business loan and your business is based in Blair, Wisconsin, we've put together a list of local small business banks that you should contact.

Local Blair Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Blair.

Small Business Bank Recent SBA Loans
Union Bank Of Blair 10

Blair Bank Loan Tips

As a prerequisite to contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

Having a business plan is essential. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read 504 Loans.

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