Small Business Lending

Starting and running a business is not easy. We're ready to lend a helping hand.

SBA Lending Conventional Business Lending Business Credit Cards

Business Start-Up Links Other Help for Small Businesses

SBA Lending

Owners want to know three things about SBA Loans with Park Bank...

All the normal loan costs (origination and filing fees, flood certifications, appraisals, title insurance, credit reports) apply, plus our small packaging fee and SBA costs for their guarantee (which depends on size).

Rates are either based on the Prime Rate or the borrower's credit score (high scores get lower rates, and vice versa).

Loans secured by equipment, inventory, etc. are faster (30 days) than those secured by real estate (approximately 90 days) which need appraisals and title work.

SBA loans have three advantages over traditional financing:
1.) Longer amortization periods (which generally result in lower monthly payments)
2.) No balloon payments (which means more predictability)
3.) Lower owner’s injection requirements (which means it’s easier to get started).

Morgan Farmer with Jackie Miller (center) and Marke Goede (right) of The Breakfast Club & Pub in La Crosse.

Park Bank:
Award-Winning SBA Lender

Table with plaques commemorating awards Park Bank has received

Park Bank has been awarded the Wisconsin's SBA Largest Volume Lender, in banks of same size, for more than 20 years.

This award is given in recognition of the largest volume of small business loans given in a calendar year. As a future or current small business owner, you can be confident that Park Bank is here for your short term and long-term financial needs and will always offer the guidance needed for your success.

“Being part of the success of local businesses is something we are very proud of here at Park Bank,” Vice President Morgan Farmer said. “We devote more to small business lending than any other small community bank in Wisconsin. More of our capital, our time, and ourselves.”

Ready to get started?

Lori Raabe
Vice President,
Holmen

Todd Holtz
Vice President,
La Crosse

Angelica Garcia
Loan Officer,
Sparta

Mike Glassmaker
Loan Officer,
La Crosse

PARK BANK SBA LOAN APPLICATION AND SUPPORTING DOCUMENTS

SBA Application
Statement of Personal History
Personal Financial Statement
Request for Copy of Transcript of Tax Forms

History of the SBA

The Small Business Administration was created in 1953 with their mission to "aid, counsel, assist and protect the interests of small business concerns..."

As an SBA lender, Park Bank can offer loan programs and resources to local small businesses that aren't available with non-SBA lenders.

Click here to learn more about the history of the SBA.

Other SBA Resources

SBA.gov Home SBA Business Guide 10 Steps to Start Your Business Women-Owned Businesses Minority-Owned Businesses Veteran-Owned Businesses

Conventional Business Lending

Benefits:

Shorter amortization periods (quicker payoff)
Balloon payments after 3 to 5 years (lower payments in the early years)
Quicker funding for equipment and inventory.
May be at a lower interest rate (depending on credit rating).

Considerations:

Require larger owner injection of funds, between 20 and 50 percent
Can require a higher credit or longer business history than a government-backed SBA loan

Business Credit Cards

The Park Bank Business Visa® Credit Card helps you manage expenses with tools, benefits, and service designed for your business.

No annual fees
Low interest rate credit cards

Expense Management Tools like:

Set limits for employee cards
Track spending by category
Download statements for accounting or export to financial software

Online account management MyCardStatement.com

View transactions and statements
Control employee cards
Schedule or make secure payments
Set alerts to monitor activity
Handle disputes or report suspicious charges

For personalized business support, contact us at 608-793-5505 between 9:00 AM and 5:00 PM, Monday through Friday.

Testimonials (click and drag to view more)

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“We couldn't have done it without them,”

- Randy Breidel, River Café

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“We definitely feel like part of the Park Bank family,”

- Mark Goede, The Breakfast Pub & Club

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“It came down to I was just comfortable with Park Bank,”

- Troy Strange, Holmen Custom, Collision & Service

“To meet a banker that was straight forward and honest, we were impressed,”

- Holly Cichacki, Quality Pool & Spa

"I am the owner of Shoot the Duck, Inc., parent company to La Crosse Archery and Sparta Archery. We had a very real challenge for growth and needed funding that our current lending institution was unwilling to provide. Park Bank came to the rescue with a SBA loan that has helped us grow the business and become the dominant player in Western Wisconsin.

"Last year our Park Bank loan officer came to us and said, 'I really think that you should buy that building that you’re leasing', which we hadn’t even considered. It turned out to be the right decision and Park Bank was there to help with that, too. Professionally, I have the belief that he truly cares about our business. He asks the right questions and pays attention to what we are doing. I’ve made recommendations to others and will continue to do so."

- Keith Rosenthal, La Crosse Archery

"We went to Park Bank with our business plan, looking for a loan to start our medical supply business. We had tried other banks, including the one we had our home mortgage through, and none of them were interested in working with us. By the time we came to Park Bank we weren't feeling too optimistic. But to our surprise, Doug Farmer at Park Bank were willing to talk to us about our business plan, learn more about what the medical supply business is all about, and took a chance on us. Not only were they willing to give us a small business loan to start Family Medical Supply and CPAP Store, but when it came time to find the right location to house our store, they offered space to lease in a commercial building they own. They could not have been more helpful. We've been in business over a year and half now, and we know a big part of our success came from the support we received from Park Bank. Needless to say, that we now have our home mortgage through them too!"

- Rick & Renee Holzer, Family Medical Supply and CPAP Store

"Park Bank listened when we needed help and financial guidance. When we started the business we had a different lender who did not understand our business. We presented our portfolio to Park Bank in Sparta. Within a few weeks we were well on our way to growing Award Winning Truck Wash to be a recognized business by companies up and down the interstate. "We highly recommend Park Bank along with the SBA loan program."

- Larry & Luke Laufenberg, Award Winning Truck Wash & Laughing Larry's Lunchroom