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

Gratiot, Wisconsin Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Gratiot, Wisconsin small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Gratiot Lending Resources

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

Small Business Bank Recent SBA Loans
Gratiot State Bank  

Other Lending Resources for Gratiot Businesses

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

Small Business Bank Recent SBA Loans
Citizens Bank
Flint, MI
2
M&i Marshall & Ilsley Bank
Milwaukee, WI
1

Gratiot Bank Loan Tips

Prior to reaching out to lenders to get a bank loan, you will need to develop the specifics of your loan request.

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 plan to pay the loan back to the lender.

Being able to present a well-written 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. 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 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 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

Our Gaebler.com site is deeply committed to supporting entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we recommend you read Business Line of Credit.

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