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

New Lisbon, Wisconsin Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in New Lisbon, 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 New Lisbon, Wisconsin, we've assembled a list of local small business banks that you should contact.

Local New Lisbon Business Loan Sources

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

Small Business Bank Recent SBA Loans
Acuity Bank  
M & I Bank  

SBA Lenders for New Lisbon Businesses

This is a list of banks outside of New Lisbon, Wisconsin that have provided SBA loans to New Lisbon 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 Mauston
Mauston, WI
1
Community Bank Group
Reedsburg, WI
1
M&i Marshall & Ilsley Bank
Milwaukee, WI
1

New Lisbon Bank Loan Tips

Prior to contacting banks to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.

A well-defined business plan is essential. If the bank loan 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 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 the equity in your home. The banks will look at your personal credit report 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 meeting with the banker, you may want to read up on 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

Invest the time to learn as much as you can about Raising Money. For starters, we suggest you read 504 Loans.

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