These materials were prepared for small business owners in Sheboygan, Wisconsin who are interested in getting debt financing.
Local Sheboygan Lending Resources
To help you learn more about local small business lenders, here's our list of small business banks in Sheboygan.
Other Lending Resources for Sheboygan Businesses
This is a list of banks outside of Sheboygan, Wisconsin that have provided SBA loans to Sheboygan businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Associated Bank
Green Bay, WI |
26 |
Associated Bank
Neenah, WI |
3 |
Bank First National
Manitowoc, WI |
1 |
Capital One
Mclean, VA |
4 |
Citizens Bank
Kaukauna, WI |
1 |
Community Bank Group
Random Lake, WI |
2 |
Community Bank Group
Reedsburg, WI |
1 |
Cornerstone Community Bank
Grafton, WI |
1 |
Investors Community Bank
Manitowoc, WI |
3 |
Johnson Bank
Racine, WI |
4 |
M&i Marshall & Ilsley Bank
Milwaukee, WI |
18 |
Port Washington State Bank
Port Washington, WI |
1 |
State Bank Of Chilton
Chilton, WI |
1 |
Wells Fargo Bank
Milwaukee, WI |
2 |
Wells Fargo Bank
Minneapolis, MN |
2 |
Wells Fargo Bank
San Jose, CA |
5 |
Tips for Getting a Business Loan in Sheboygan
Before reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.
Being able to present a well-written business plan is essential. If the capital is to for a going concern, 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 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 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 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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