As an entrepreneur in the Badger State, there will undoubtedly come a time when you need a boost of capital to get your business where you want it to be. That could be the case if you need a new piece of equipment to cater to more clients, are looking to expand operations, want to invest in a business opportunity or simply need funds to get through a slow period. When that time comes, there are lenders you can turn to for Wisconsin small business loans.
Wisconsin’s Small Business Landscape
Wisconsin is home to more than 461,000 small businesses, according to the Small Business Administration (SBA). These firms employ 1.3 million workers.
Some of the major industries in the state include:
- Manufacturing
- Energy
- Aerospace
- Aviation
- Water technology
- Food and beverage
- Forest products
- Information technology
Need funds fast?
5 Banks for Business Loans in Wisconsin
In the state of Wisconsin, small business loans are offered by these lenders, among others. Find SBA loans, real estate financing, equipment loans and more.
1. The Peoples Community Bank
The Peoples Community Bank has been in operation since 1891. Today it has a 5-star rating on WalletHub and a 5-star Google rating. In addition to being a Wisconsin SBA lender, this bank offers the following:
- Business term loans
- Business real estate loans
- Lines of credit
- Letters of credit
- Commercial leasing services
- U.S. Department of Agriculture loans
- Farm Service Agency loans
- Wisconsin Housing & Economic Development Authority loans
2. Farmers Savings Banks
This bank has earned a 5-star WalletHub rating as well as an A+ rating from the Better Business Bureau (BBB). SBA loans in Wisconsin are available here as well as these financing options:
- Agriculture loans
- Equipment and vehicle loans
- Commercial real estate lending
- Rental property loans
- Business buyout loans
- Business credit cards
- Commercial loans and lines of credit
3. Associated Bank
This lender has been BBB-accredited since 1945 and has earned the organization’s A+ rating. Additionally, it made Forbes’ list of America’s Best Banks of 2021. If you’re looking for SBA Wisconsin loans for your small business, you’ll find them here, as well as the following:
- Business credit cards
- Business term loans
- Business lines of credit
4. Northwestern Bank
Northwestern Bank has earned a 4.9-star rating on Facebook as well as a 4.9-star WalletHub rating. Available financing options include these:
- Letters of credit
- Lines of credit
- Working capital loans
- Commercial real estate loans
- Commercial construction loans
- Business expansion loans
- Business loan refinancing
5. Waukesha State Bank
This bank has earned an A+ rating from the BBB as well as a 3.5-star rating from WalletHub. Its motto is “The Bank of Friendly Service.” In addition to being an SBA Wisconsin lender, it’s a financing provider of the following:
- Term loans
- Installment loans
- Real estate loans
- Equipment loans
- Letters of credit
- Business credit cards
- Revolving lines of credit
Alternative Financing Options in Wisconsin
In addition to conventional lenders, such as the banks noted above, many small business owners turn to alternative financing providers for their capital needs. These lenders can offer products with less stringent qualification requirements than seen with banks, such as merchant cash advances and invoice financing. Also, the application process and speed to fund are much quicker.
That said, alternative financing products typically have shorter terms, more frequent payment installments and higher interest rates than you’d find with conventional lenders. This is to offset the risk of borrowers who may have lower credit scores, less time in business and no specific collateral to offer.
Applying for Wisconsin Business Loans Through Fast Capital 360
If you’d like to apply for SBA loans in Wisconsin or another type of financing product, we can help.
These are just a few of the benefits we offer:
Speed
A few minutes is all it takes to complete our online application. If you qualify, you could be approved within 24 hours.
Multiple Offers
Because we partner with lenders throughout the country, your single application could return multiple financing offers in some cases.
Expert Guidance
A Fast Capital 360 Business Advisor will review the details of your financing offer with you. Choose the option that’s best for your business.
Additional Resources for Wisconsin Small Business Owners
In addition to financing resources, there are organizations in the state dedicated to supporting entrepreneurs along their journey. Here are a few.
BizStarts
Headquartered in Milwaukee, BizStarts offers 1-on-1 coaching sessions and personalized mentoring. Whether you’re in the pre-revenue stage or are a seasoned entrepreneur, you can find assistance here. Take part in a special event or access resources that can help with sales or business modeling.
SCORE
Since the 1960s, SCORE has been providing support services to small business owners and startups. The nationwide nonprofit, with more than 20 branches in Wisconsin, offers complimentary and confidential business mentoring services. Additionally, free or low-cost workshops and networking events are available. Browse the online library where you’ll find a wealth of resources, including prerecorded webinars, document templates, blogs and more.
Wisconsin Small Business Development Center
Sponsored in part by the SBA, the Wisconsin Small Business Development Center supports entrepreneurs looking to start, sustain or grow their businesses. Attend an educational event, participate in a digital marketing clinic, get business advice and more. Visit 1 of 13 center locations throughout the state.
