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

Small Business Lenders in Adell, Wisconsin

 
Loan Census SBA Loan Info

Getting a business loan in Adell, Wisconsin seems challenging at first, but we're here to help you get started.

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

Local Adell Lending Resources

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

Small Business Bank Recent SBA Loans
National Exchange Bank & Trust  

Banks that Lend to Adell Businesses

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

Small Business Bank Recent SBA Loans
Investors Community Bank
Manitowoc, WI
2

Business Loan Advice for Adell Businesses

Prior to reaching out to 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 introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the bank.

Having a 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge 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 you sit down to talk with a small business 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

Gaebler.com is a site that is all about supporting small business owners, and we have a lot of resources related to to Raising Money. For example, we would suggest you read Business Incubators.

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