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

Chilton, Wisconsin Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Chilton, Wisconsin seems challenging at first, but we're here to help you get started.

These materials were prepared for small business proprietors in Chilton, Wisconsin who are interested in getting a small business loan.

Local Chilton Banks

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

Small Business Bank Recent SBA Loans
Community Mortgage Resources  
Great Midwest Bank S S B  
M & I Bank  
State Bank Of Chilton 47

Business Loan Providers for Chilton Businesses

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

Small Business Bank Recent SBA Loans
Associated Bank
Fond Du Lac, WI
1
Community Bank & Trust
Sheboygan, WI
9
Jpmorgan Chase Bank
Houston, TX
3
M&i Marshall & Ilsley Bank
Milwaukee, WI
1
Wells Fargo Bank
Minneapolis, MN
1

Chilton Business Loan Advice

Before meeting with banks 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

Having a business plan is essential. If the capital is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business banker, you may want to get up to speed 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

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Cash Advances.

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