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Traditional Loans

Traditional loans are the lifeblood of the American economy. We recommend that before you speak with the SCEDC about non-traditional financing sources that you consult your lender to see what they can do.  Receiving credit after the recession is accessible, but may require some preparing on your end.   Remember, when asking a bank for a loan you are selling your business.  Before talking with your banker we recommend you collect the following documents to encourage the loan process. If you are looking for a lender, we recommend asking our investors. These financial institutions support the SCEDC's mission:

  • Associated Bank
  • Bank First National
  • Commerce State Bank
  • Investors Community Bank
  • Oostburg State Bank
  • Wells Fargo
  • Waldo State Bank
  • Wisconsin Bank & Trust
  • United One Credit Union
  • US Bank

Common Commercial Loan Documents Needed

Documentation of Company
  • Summary explanation of why your company needs the loan.
    • What you intent to purchase (quotes for large items)  
    • Impact of purchases on your business operations
  • Three most recent years of business tax returns
  • Three most recent years of financial statements
  • Current financial statements to the closest month
  • Current debt schedule
  • Organizational documents for the business entities
    • Articles of Incorporation/Organization
    • Bylaws/Operating Agreement
Documentation of ownership (own more than 20% of a company)
  • Resume of owners
  • Three years of personal tax returns
  • Personal financial statement (for all guarantors)