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

Small Business Lenders in Combined Locks, Wisconsin

 
Loan Census SBA Loan Info

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

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

Banks that Lend to Combined Locks Businesses

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

Small Business Bank Recent SBA Loans
Fox Communities Cu
Appleton, WI
1
Hometown Bank
Fond Du Lac, WI
1

Business Loan Advice for Combined Locks Businesses

As a prerequisite to contacting banks for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the financing is to for an existing 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as the equity in your home. 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. Prior to visiting local banks, 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 serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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