River Bank

This is a financial institution offering SBA loan programs to help small businesses secure funding for growth, equipment, or working capital. You can find personalized support and guidance through the application process, with a focus on local business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit.

River Bank's most branches operate Monday through Friday from 8:30 AM to 5:00 PM. Confirm specific hours for your branch location directly with River Bank.

There are application and closing fees associated with SBA loans, but the bank maintains a transparent fee structure. Borrowers are encouraged to review all costs upfront before proceeding.

This bank primarily serves local businesses in the Stoddard area, but eligibility for SBA loans depends on meeting specific financial and credit criteria, regardless of residency.

A minimum personal credit score of around 640 is typically preferred, but higher scores can improve approval chances. Each application is evaluated on a case-by-case basis.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application. The bank aims to provide timely decisions to support business growth.

River Bank offers Saturday drive-up banking hours from 8:00 AM to noon. Confirm weekend availability and full-service hours at your local branch.

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

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

You can reach River Bank by phone at (608) 457-2100, online at riverbank.biz, or through their contact form at https://riverbank.biz/contact-us.html. Confirm current contact methods directly with River Bank.

Based on its approved SBA loans, River Bank most often finances businesses in general retail, real estate & property management, fitness & recreation, construction & contractors, restaurants & food service, and manufacturing. This reflects River 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 River 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 River Bank participates in SBA Express depends on its specific SBA lending authority. Contact River 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. River 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. River Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask River 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 River 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 River 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 River 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. River Bank weighs this case by case under its own policy, so be upfront about your history and ask River Bank how it evaluates prior bankruptcies.