Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Cecil, Wisconsin

 
Loan Census SBA Loan Info

Raising money in Cecil, Wisconsin? If so, you'll want to talk to some of these small business lenders in Cecil.

If you are hoping to get a small business loan and your business is based in Cecil, Wisconsin, we've put together a list of local small business banks that you should contact.

Local Cecil Lenders

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

Small Business Bank Recent SBA Loans
Community Bank Financial  
First State Bank  

Lenders for Cecil Businesses

This is a list of banks outside of Cecil, Wisconsin that have provided SBA loans to Cecil businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Associated Bank
Green Bay, WI
4
Associated Bank
Neenah, WI
1
The First State Bank
New London, WI
1

Business Loan Advice for Cecil Businesses

As a prerequisite to contacting lenders to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the lender.

Being able to present a well-written business plan is is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as your individual retirement account or pension plan. 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 these banks are SBA lenders. 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

Gaebler.com is a site that is dedicated to helping entrepreneurs, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we recommend you read 504 Loans.

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