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

Small Business Lenders in Merrillan, Wisconsin

 
Loan Census SBA Loan Info

I need a loan for my business in Merrillan, Wisconsin! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Merrillan, Wisconsin, we've assembled a list of local small business banks that you should contact.

Local Merrillan Lending Resources

Without further adieu, here's our list of small business banks in Merrillan.

Small Business Bank Recent SBA Loans
Jackson County Bank - Merrillan Station- Stations  

Lenders for Merrillan Businesses

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

Small Business Bank Recent SBA Loans
Co-op Cu
Black River Falls, WI
1

Business Loan Advice for Merrillan Businesses

Before 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 explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the money is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to 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. Before meeting with the 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

If you are new to our Gaebler.com site, you should know that we are dedicated to supporting small business owners, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read 504 Loans.

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