If you are looking for a small business loan and your business is based in Prairie Du Chien, Wisconsin, we've assembled a list of local small business banks that you should contact.
Local Prairie Du Chien Business Loan Sources
To help you learn more about local small business lenders, here's our list of small business banks in Prairie Du Chien.
Small Business Bank |
Recent SBA Loans |
Advantage Credit Union |
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Anchorbank |
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F & M Bank - Prairie Du Chien WI |
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First Federal |
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Peoples State Bank |
11 |
Lenders for Prairie Du Chien Businesses
This is a list of banks outside of Prairie Du Chien, Wisconsin that have provided SBA loans to Prairie Du Chien businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Prairie Du Chien Businesses
Before meeting with banks for a loan, you will need to develop the specifics of your loan request.
You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.
Having a business plan is an important prerequisite. 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 guarantee 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 your individual retirement account or pension plan. 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 these banks 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 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
If you are new to our Gaebler.com site, you should know that we are devoted to assisting entrepreneurs, and we have a
lot of resources related to to Raising
Money. If you want to learn about raising money, one article that might be of interest to you is Business Incubators.
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