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WoodTrust Bank

WoodTrust Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides a range of SBA loan programs including the popular 7(a) program, which is ideal for funding working capital, equipment, or real estate acquisitions. Their experienced lending team works closely with clients to understand their unique business goals and craft financing solutions that align with their needs. Located in Wisconsin Rapids, they serve local businesses with a commitment to community development and economic growth. The bank’s expertise in SBA lending ensures efficient processing and competitive terms, making it a reliable partner for entrepreneurs looking to leverage government-backed loans. Whether you’re starting a new business or expanding an existing one, WoodTrust Bank’s dedicated SBA team can guide you through the application process and help you secure the funding necessary to succeed. Their focus on small business support and community investment makes them a valuable resource for local entrepreneurs and established companies alike.

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Lender Type

Commercial Bank

Google Rating

3.7

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Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loan programs to help small and medium-sized businesses secure financing for growth, expansion, or operational needs. You can find personalized support, expert guidance, and a range of loan options tailored to your business goals.

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 lending specialist, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit.

Question 3

What are the hours of operation?

Answer 3

Typical hours are Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to contact the branch directly for specific hours or after-hours appointment options.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to inquire about or apply for SBA loans, but certain processing and closing costs may apply depending on the loan terms.

Question 5

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

Answer 5

This bank primarily serves small business owners and entrepreneurs in the local region, but eligibility for SBA loans is based on business qualifications rather than residency alone.

Question 6

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

Answer 6

A minimum personal credit score of around 640 is generally preferred, though higher scores can improve loan terms and approval chances.

Question 7

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

Answer 7

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

WoodTrust Bank

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