Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Baraboo, Wisconsin Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Baraboo, 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 Baraboo, Wisconsin, we've put together a list of local small business banks that you should contact.

Local Baraboo Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Baraboo.

Small Business Bank Recent SBA Loans
Amcore Bank 1
Baraboo Federal Bank FSB  
Cash Systems  
Community First Bank 1
The Baraboo National Bank 2
Wells Fargo Bank 1

Business Loan Providers for Baraboo Businesses

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

Small Business Bank Recent SBA Loans
Amcore Bank
Rockford, IL
3
Capital One
Mclean, VA
2
Community Bank Group
Reedsburg, WI
3
Innovative Bank
Oakland, CA
1
M&i Marshall & Ilsley Bank
Milwaukee, WI
7
Wells Fargo Bank
Minneapolis, MN
2
Wells Fargo Bank
San Jose, CA
3
Wells Fargo Bank
Sioux Falls, SD
1

Baraboo Bank Loan Tips

As a prerequisite to reaching out to lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, 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 loan is to for a company that is already doing 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 these banks are SBA lenders. Prior to visiting local banks, 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

Our Gaebler.com site is devoted to supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Getting a Small Business Loan.

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