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

Small Business Lenders in Evansville, Wisconsin

 
Loan Census SBA Loan Info

Getting a business loan in Evansville, 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 Evansville, Wisconsin, we've put together a list of local small business banks that you should contact.

Local Evansville Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Evansville.

Small Business Bank Recent SBA Loans
Bank of Evansville  
Efmark Service CO  
Financial Services Center  
Union Bank & Trust Company 1

Other Lending Resources for Evansville Businesses

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

Small Business Bank Recent SBA Loans
Amcore Bank
Rockford, IL
1
Bank Of Monticello
Monticello, WI
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
Citizens Bank
Kaukauna, WI
1
M&i Marshall & Ilsley Bank
Milwaukee, WI
1

Business Loan Advice for Evansville Businesses

As a prerequisite to reaching out to banks for a 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 how you intend to to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 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. 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 educate yourself. If you haven't read it already, we recommend you review Business Line of Credit.

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