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The Bank of Brodhead

The Bank of Brodhead offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on small business financing, they provide various loan options including the SBA 7(a) program, which is ideal for working capital, equipment purchase, or real estate acquisition. Their team is dedicated to guiding clients through the application process, ensuring they meet necessary requirements and understand the terms involved. Located in Brodhead, Wisconsin, this bank has a strong commitment to serving local entrepreneurs and small business owners. They support a variety of industries, with a particular strength in manufacturing, providing flexible financing solutions to help local manufacturers expand their operations. The bank’s experienced staff work closely with clients to develop customized loan packages, making it easier for small businesses to access the capital they need to succeed. Whether you’re starting a new venture or expanding an existing business, the Bank of Brodhead aims to be a reliable partner in your growth journey.

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Lender Type

Commercial Bank

Google Rating

3.8

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a local bank offering SBA loan programs and financial services designed to support small businesses in the Brodhead area. You can find assistance with business financing, loan applications, and expert guidance on SBA programs tailored to your needs. Their team is committed to helping entrepreneurs access the capital necessary for growth and success.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, though walk-ins may be accommodated during business hours. Calling ahead can help you prepare and streamline the process.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 8:30 AM to 4:30 PM. It"s advisable to contact them in advance to confirm availability or schedule an appointment.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, loan processing and closing may involve standard fees such as guarantee fees and closing costs. These are discussed during the application process.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

The bank primarily serves local residents and small business owners within the region. Eligibility for specific programs depends on meeting certain criteria and qualifications.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of approximately 640 is generally preferred, though higher scores improve approval chances.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of your application and supporting documentation.

The Bank of Brodhead

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