Oak Bank

This is a bank that offers SBA loans and small business financing options designed to help your business grow and succeed.

It's recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.

Oak Bank operates Monday through Friday, 8:00 AM to 5:00 PM. Please confirm current hours directly with the bank.

There are no fees to access basic banking services, but loan application and closing costs may apply for financing options.

This bank primarily serves local small businesses and residents within its regional area, but some services may be available to non-residents upon qualification.

A minimum personal credit score of 640 or higher is generally preferred for loan qualification.

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

Oak Bank is closed on weekends. SBA lending staff are not available Saturday or Sunday; contact the bank Monday through Friday.

Oak 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.

This page is an independent directory listing for Oak Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Oak Bank itself, which runs its own lending under its own ownership. If you work at Oak Bank, you can claim this listing from this page to manage it.

The core details for Oak 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 Oak Bank before applying. If you represent Oak Bank, claim this listing to keep its information up to date.

You can reach Oak Bank by email at bank@oak.bank or phone at (608) 441-6000. For SBA loans, contact their business lending department.

Based on its approved SBA loans, Oak Bank most often finances businesses in childcare & early education, general retail, construction & contractors, restaurants & food service, and veterinary services. This reflects Oak 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 Oak Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Oak Bank participates in SBA Express depends on its specific SBA lending authority. Contact Oak Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Oak Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Oak Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Oak Bank directly whether it considers start-up loans.

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 Oak Bank what down payment it expects for your specific commercial real estate purchase.

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 Oak Bank to spell out any prepayment penalties before you sign.

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 Oak Bank to confirm it qualifies and how to document it.

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. Oak Bank weighs this case by case under its own policy, so be upfront about your history and ask Oak Bank how it evaluates prior bankruptcies.