Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

Business Loan Portage, Wisconsin

 
Loan Census SBA Loan Info

Looking for a Portage, Wisconsin small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

These materials were prepared for small business owners in Portage, Wisconsin who are interested in getting debt financing.

Local Portage Business Lenders

Without further adieu, here's our list of small business banks in Portage.

Small Business Bank Recent SBA Loans
Amcore Bank 1
Associated Bank 2
B F Financial-Baraboo Federal Bank FSB  
Bank Mutual  
Baraboo National Bank  
Community Bank of Portage  
Firstar - Branch Offices- Portage- Main Office  
Linsco Private Ledger  

Banks that Lend to Portage Businesses

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

Small Business Bank Recent SBA Loans
Amcore Bank
Rockford, IL
6
Associated Bank
Beaver Dam, WI
2
Associated Bank
Green Bay, WI
1
Associated Bank
Windsor, WI
2
Capital One
Mclean, VA
2
Community First Bank
Baraboo, WI
1
Great Wisconsin Cu
Madison, WI
1
M&i Marshall & Ilsley Bank
Milwaukee, WI
2
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in Portage

As a prerequisite to reaching out to banks to discuss getting 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, define how the money will be used, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the money is to for an existing 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework 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

Make the effort and learn as much as you can about Raising Money. To get started, we suggest you read Choosing VC Firms.

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