Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Onalaska, Wisconsin Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Onalaska, Wisconsin, we've assembled a list of local small business banks that you should contact.

Local Onalaska Lenders

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

Small Business Bank Recent SBA Loans
Advantage Credit Union  
Associated Bank - Offices  
Bank of America  
CLA Mortgage Inc  
Coulee Bank 1
First Federal  
M & I Bank  
Merchants Bank 5
Merchants National Bank  
State Bank Financial 1

Business Loan Providers for Onalaska Businesses

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

Small Business Bank Recent SBA Loans
1st National Bank - Bangor
Bangor, WI
1
Altra Fcu
La Crosse, WI
1
Associated Bank
Green Bay, WI
4
Associated Bank
Neenah, WI
2
Capital One
Mclean, VA
1
Citizens State Bank Of Clayton
Clayton, WI
1
Coulee Bank
La Crosse, WI
8
M&i Marshall & Ilsley Bank
Milwaukee, WI
7
Merchants Bank
Hampton, MN
2
Merchants Bank
Winona, MN
1
Park Bank
Holmen, WI
16
Park Bank
La Crosse, WI
9
River Bank
Holmen, WI
1
River Bank
La Crosse, WI
2
State Bank Financial
La Crescent, MN
1
State Bank Financial
La Crosse, WI
1
Wells Fargo Bank
Minneapolis, MN
3
Wells Fargo Bank
San Jose, CA
2
Wells Fargo Bank
Sioux Falls, SD
3

Onalaska Bank Loan Tips

As a prerequisite to contacting lenders to discuss getting 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the financing is to for an existing business, 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 to guarantee the loan 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. 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Line of Credit.

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