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.
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.
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