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

Platteville, Wisconsin Business Loan

 
Loan Census SBA Loan Info

Raising money in Platteville, Wisconsin? If so, you'll want to talk to some of these small business lenders in Platteville.

This article is written specifically for small business owners in Platteville, Wisconsin who are interested in getting a bank loan.

Local Platteville Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Platteville.

Small Business Bank Recent SBA Loans
Anchorbank  
Clare Bank 3
First Financial Center  
First National Bank - Platteville 2
First National Bank of Platteville  
Heartland Credit Union  
Linsco Private Ledger Member Nasd SIPC  
LPL Financial Services  
Mound City Bank 4

Other Lending Resources for Platteville Businesses

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

Small Business Bank Recent SBA Loans
Anchorbank, FSB
Madison, WI
1
Citizens Bank
Flint, MI
1
Dubuque Bank And Trust Company
Dubuque, IA
1
Dupaco Community Cu
Dubuque, IA
2
Dutrac Community Cu
Dubuque, IA
1
Farmers Savings Bank
Mineral Point, WI
1
Wells Fargo Bank
Minneapolis, MN
1

Platteville Business Loan Advice

As a prerequisite to reaching out to lenders for a 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, define how the money will be used, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is an important prerequisite. 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 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, you will likely be asked to to guarantee the loan 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 the banks in our list are SBA lenders. Before meeting with the banker, 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Angel Investors.

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