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

Small Business Lenders in Union Grove, Wisconsin

 
Loan Census SBA Loan Info

Small business loans in Union Grove, Wisconsin are available. You just need to talk to the right bank.

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

Local Union Grove Banks

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

Small Business Bank Recent SBA Loans
Community State Bank 63
First Banking Center - Union Grove Branch- Branches  
North Shore Bank  

Other Lending Resources for Union Grove Businesses

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

Small Business Bank Recent SBA Loans
Associated Bank
Green Bay, WI
1
Capital One
Mclean, VA
1
First Banking Center
Burlington, WI
1
Jpmorgan Chase Bank
Houston, TX
1
State Bank Of Chilton
Chilton, WI
1
U.S. Bank National Association
Cincinnati, OH
1
Waukesha State Bank
Waukesha, WI
1

Business Loan Advice for Union Grove Businesses

As a prerequisite to contacting banks to get a bank 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 your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 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

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Microlending as a Small Business Funding Source.

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