This article is written specifically for small business owners in Kenosha, Wisconsin who are interested in getting a bank loan.
Local Kenosha Business Loan Sources
To help you learn more about local small business lenders, here's our list of small business banks in Kenosha.
Small Business Bank |
Recent SBA Loans |
Associated Bank |
|
Bank of Elmwood |
|
Bank of Kenosha |
|
Bank One - Banking Centers- Kenosha Downtown Banking Center |
|
Bank One - Banking Centers- Kenosha North Banking Center |
|
Bank One - Banking Centers- Kenosha South Banking Center |
|
Bank One - Banking Centers- Pleasant Prairie Banking Center |
|
Bank One - Private Banking-Investment Management & Trust Servi |
|
Bank One Mortgage |
|
Bank One Wisconsin Trust Company NA |
|
Banks Of Wisconsin |
13 |
Efmark |
|
First Banking Center |
7 |
First Federal |
|
Firstar Information Services |
|
Guaranty Bank |
|
Invest Financial Corporation |
|
Johnson Bank |
3 |
M & I Bank |
|
M&i Marshall & Ilsley Bank |
3 |
North Shore Bank |
|
Southport Bank |
9 |
Lenders for Kenosha Businesses
This is a list of banks outside of Kenosha, Wisconsin that have provided SBA loans to Kenosha businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
1st National Bank - Berlin
Berlin, WI |
1 |
1st National Bank & Trust
Beloit, WI |
1 |
Amcore Bank
Rockford, IL |
3 |
Associated Bank
Green Bay, WI |
5 |
Capital One
Mclean, VA |
5 |
Cit Small Business Lending Corp
Livingston, NJ |
1 |
Comerica Bank
Dallas, TX |
2 |
Community Bank & Trust
Sheboygan, WI |
1 |
Community State Bank
Union Grove, WI |
1 |
First Banking Center
Burlington, WI |
3 |
First Banking Center
Lake Geneva, WI |
1 |
Ge Cap. Small Business Finan Corp
St. Louis, MO |
2 |
Harris National Association
Barrington, IL |
2 |
Johnson Bank
Racine, WI |
4 |
Jpmorgan Chase Bank
Houston, TX |
16 |
M&i Marshall & Ilsley Bank
Brookfield, WI |
1 |
M&i Marshall & Ilsley Bank
Milwaukee, WI |
21 |
Mound City Bank
Platteville, WI |
2 |
National City Bank
Bannockburn, IL |
1 |
National City Bank
Cleveland, OH |
1 |
Ridgestone Bank
Brookfield, WI |
1 |
Tcf National Bank
Wayzata, MN |
1 |
U.S. Bank National Association
Cincinnati, OH |
17 |
United Central Bank
Garland, TX |
1 |
Wells Fargo Bank
Minneapolis, MN |
1 |
Wells Fargo Bank
San Jose, CA |
2 |
Kenosha Business Loan Advice
Prior to meeting with lenders 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 how you intend to to pay the loan back to the lender.
Being able to present a well-written business plan is is critically important. If the financing is to for a company that is already doing business, 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 stocks and bonds that you might own or life insurance policies. 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 the banks in our list participate in the financial assistance programs available through the SBA. 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
Take the time to learn as much as you can about Raising
Money. To get started, we recommend you read
Getting a Small Business Loan.
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