Bank of Alma
Bank of Alma is an active SBA lender in Wisconsin, a bank offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 5 Google reviews.
$4M
in SBA approvals since 2010
7
SBA loans funded
Food Manufacturing & Processing · Wholesale & Distribution · Gas Stations & Convenience
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Bank of Alma
Bank of Alma offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, this institution provides various loan programs designed to meet diverse funding needs, from working capital to equipment purchases. Their experienced team guides clients through the application process, ensuring clarity and efficiency. They specialize in SBA 7(a) loans, which are ideal for business expansion, acquisitions, or refinancing existing debt. The bank's commitment to personalized service makes it a reliable partner for small business owners in the Alma area and beyond. Whether you're starting a new venture or scaling an existing operation, Bank of Alma is dedicated to helping you achieve your business goals with flexible financing options and expert support.
Common questions about Bank of Alma
What is this place and what can I find here?
This is a local bank offering SBA loan programs to small businesses, providing personalized financing solutions to support growth and stability.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank is typically open from 9 am to 4 pm, Monday through Friday, but hours may vary, so it's best to call ahead.
Is there a fee to use this?
There are no fees to inquire about or apply for SBA loans, though standard loan-related fees may apply during processing.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the Alma area, but some services are available to non-residents with qualifying businesses.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is generally preferred, but approval depends on overall financial health and business performance.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the completeness of application and documentation provided.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Bank of Alma typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Bank of Alma to confirm current weekend availability before you go.
How do I get there and where do I park?
Bank of Alma 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 Bank of Alma, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Bank of Alma itself, which runs its own lending under its own ownership. If you work at Bank of Alma, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Bank of Alma — 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 Bank of Alma before applying. If you represent Bank of Alma, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Bank of Alma by phone at (608) 685-4461 or online at bankofalma.net — 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 Bank of Alma before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Bank of Alma can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Bank of Alma directly which industries 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 Bank of Alma participates in SBA Express depends on its specific SBA lending authority. Contact Bank of Alma 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. Bank of Alma 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. Bank of Alma's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bank of Alma 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 Bank of Alma 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 Bank of Alma 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 Bank of Alma 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. Bank of Alma weighs this case by case under its own policy, so be upfront about your history and ask Bank of Alma how it evaluates prior bankruptcies.
