Cleveland State Bank
Cleveland State Bank is an active SBA lender in Wisconsin, a bank offering SBA-guaranteed small-business loans. Currently rated 4.4 stars across 7 Google reviews.
$28M
in SBA approvals since 2018
51
SBA loans funded
Hotels & Lodging · Manufacturing · Food Manufacturing & Processing
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Cleveland State Bank
Cleveland State Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the local community in Cleveland, WI, this bank provides specialized programs that help entrepreneurs access capital efficiently. Their team is dedicated to guiding clients through the loan process, ensuring clarity and support at every stage. Whether you're looking for a loan to purchase equipment, expand your facilities, or manage cash flow, Cleveland State Bank has the expertise to assist. They support various SBA programs, including the popular 7(a) loan program, which is ideal for a wide range of business purposes. The bank emphasizes personalized service, working closely with borrowers to understand their unique needs and financial situations. Their commitment to local economic development makes them a trusted partner for small business owners in the region. With a history of approving loans up to $650,000, they are well-equipped to handle both small and larger financing requests. Cleveland State Bank prides itself on its community-oriented approach, fostering long-term relationships built on trust and mutual growth. Their knowledgeable staff is always ready to help clients navigate the complexities of SBA lending, ensuring a smooth and transparent process from application to funding. Whether you're starting a new venture or expanding an existing business, Cleveland State Bank is a dedicated partner committed to your success.
Industries Cleveland State Bank finances
Business types Cleveland State Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Cleveland State Bank
What is this place and what can I find here?
This is Cleveland State Bank, a local financial institution offering SBA loan programs and banking services tailored to small businesses in the Cleveland area. You can find support for business growth, expansion, and operational needs through their specialized lending options.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours.
What are the hours of operation?
Cleveland State Bank's lobby hours are Monday through Friday, 9:00 AM to 5:00 PM. Drive-up service extends to 5:30 PM weekdays and opens Saturday 8:00 AM to 11:30 AM. Confirm current hours and holiday closures directly with the bank.
Is there a fee to use this?
There are no fees to visit the bank; however, loan application and processing fees may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and businesses in the Cleveland area, but they also work with regional clients seeking SBA financing.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally required for guarantors seeking SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the completeness of the application and supporting documents.
Is this open on weekends?
Cleveland State Bank is closed for lobby service on weekends, but the drive-up window is open Saturday, 8:00 AM to 11:30 AM at all three locations. Confirm weekend business lending availability with the bank.
How do I get there and where do I park?
Cleveland State Bank is located in Wisconsin — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Cleveland State Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Cleveland State Bank itself, which runs its own lending under its own ownership. If you work at Cleveland State Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Cleveland State Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Cleveland State Bank before applying. If you represent Cleveland State Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Cleveland State Bank by phone at (920) 693-8256 or online at clevelandstate.bank — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Cleveland State Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Cleveland State Bank most often finances businesses in manufacturing. This reflects Cleveland State Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Cleveland State Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Cleveland State Bank participates in SBA Express depends on its specific SBA lending authority. Contact Cleveland State Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Cleveland State Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Cleveland State Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Cleveland State Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Cleveland State Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Cleveland State Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Cleveland State Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Cleveland State Bank weighs this case by case under its own policy, so be upfront about your history and ask Cleveland State Bank how it evaluates prior bankruptcies.
