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

Brillion, Wisconsin Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Brillion, Wisconsin who are interested in getting a small business loan.

Local Brillion Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Mutual - Brillion  
Calumet County Bank 2

SBA Lenders for Brillion Businesses

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

Small Business Bank Recent SBA Loans
Amer National Bank-fox Cities
Appleton, WI
1
Community Bank & Trust
Sheboygan, WI
1

Brillion Business Loan Advice

Prior to contacting banks 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the capital 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, the bank may ask you to to pledge 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 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.

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