If you are looking for a small business loan and your business is based in Hudson, Wisconsin, we've assembled a list of local small business banks that you should contact.
Local Hudson Lenders
To assist you in finding a small business banker, here's our list of small business banks in Hudson.
Business Loan Providers for Hudson Businesses
This is a list of banks outside of Hudson, Wisconsin that have provided SBA loans to Hudson businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
1st National Bank - River Falls
River Falls, WI |
12 |
Anchor Bank
Wayzata, MN |
1 |
Anchor Bank Heritage
North Saint Paul, MN |
1 |
Anchorbank, FSB
Madison, WI |
1 |
Anchorbank, FSB
New Richmond, WI |
1 |
Associated Bank
Green Bay, WI |
7 |
Associated Bank
Kimberly, WI |
1 |
Associated Bank
Minneapolis, MN |
4 |
Bremer Bank
New Richmond, WI |
1 |
Capital One
Mclean, VA |
5 |
First Bank
Creve Coeur, MO |
1 |
First National Community Bank
New Richmond, WI |
1 |
Great Western Bank
Watertown, SD |
1 |
Home State Bank
Litchfield, MN |
1 |
M&i Marshall & Ilsley Bank
Milwaukee, WI |
1 |
Marshfield Savings Bank
Marshfield, WI |
1 |
Park Midway Bank
Saint Paul, MN |
3 |
Peoples Bank Of Commerce
Minneapolis, MN |
1 |
Prosperan Bank
Oakdale, MN |
3 |
Temecula Valley Bank
Temecula, CA |
1 |
U.S. Bank National Association
Cincinnati, OH |
31 |
Wells Fargo Bank
Milwaukee, WI |
1 |
Wells Fargo Bank
Minneapolis, MN |
5 |
Wells Fargo Bank
San Jose, CA |
10 |
Wells Fargo Bank
Sioux Falls, SD |
1 |
Wells Fargo Bank International
New York City, NY |
1 |
Western Bank
Maplewood, MN |
1 |
Business Loan Advice for Hudson Businesses
As a prerequisite to reaching out to banks to get a bank loan, you will need to have a specific plan.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the money back to the bank.
A well-defined business plan is essential. If the money 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 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 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. Prior to visiting local banks, 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 new to our Gaebler.com site, you should know that we are dedicated to assisting entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we would suggest you read 504 Loans.
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