The Bank of New Glarus
The Bank of New Glarus is an active SBA lender in Wisconsin, a bank offering SBA-guaranteed small-business loans. Currently rated 3.5 stars across 13 Google reviews.
$12M
in SBA approvals since 2011
14
SBA loans funded
Manufacturing · Salons, Spas & Personal Care · Fitness & Recreation
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About The Bank of New Glarus
The Bank of New Glarus offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, working capital, or acquisition needs. As a trusted financial institution, it provides specialized SBA loan programs, including the popular 7(a) loan program, to help entrepreneurs access the capital they need to succeed. The bank's experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. With a focus on personalized service, it works with businesses across various industries to develop customized financing solutions that align with their goals. Whether you're a startup or an established enterprise, the bank strives to facilitate your financial growth with competitive terms and responsive support. Located in New Glarus, WI, it maintains a strong commitment to serving the local business community while also supporting regional economic development. The bank is well-equipped to handle SBA loans up to $30,000, making it an ideal partner for small-scale projects and expansion plans. Its dedication to small business success is reflected in its tailored approach and deep understanding of SBA programs.
Common questions about The Bank of New Glarus
What is this place and what can I find here?
This is a local bank offering SBA loan programs designed to support small business growth and development. You can find assistance with financing options like the SBA 7(a) loan, tailored to meet your business needs. The bank provides personalized service to guide you through the application process and help secure the funding necessary for your business success.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and ensure you receive prompt assistance.
What are the hours of operation?
The bank operates during standard business hours, typically from 8:30 AM to 4:30 PM, Monday through Friday. It's best to contact the branch directly for specific hours or to schedule an appointment.
Is there a fee to use this?
There are no fees for simply visiting or consulting with the bank; however, standard loan application fees and interest rates apply to SBA loans. These fees are disclosed during the loan process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the New Glarus area. However, its SBA loan programs are accessible to qualified businesses within its lending region.
What minimum personal credit score does this bank look for in a guarantor?
The bank generally looks for a minimum personal credit score of 620 to consider SBA loan applications. Stronger credit profiles can improve approval chances and loan terms.
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 complexity of the application and completeness of documentation. Working closely with the bank can help expedite the process.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and The Bank of New Glarus 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 The Bank of New Glarus to confirm current weekend availability before you go.
How do I get there and where do I park?
The Bank of New Glarus 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 The Bank of New Glarus, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The Bank of New Glarus itself, which runs its own lending under its own ownership. If you work at The Bank of New Glarus, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The Bank of New Glarus — 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 The Bank of New Glarus before applying. If you represent The Bank of New Glarus, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The Bank of New Glarus by phone at (608) 527-5205 or online at thebankofnewglarus.bank — 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 The Bank of New Glarus before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, The Bank of New Glarus 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 The Bank of New Glarus 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 The Bank of New Glarus participates in SBA Express depends on its specific SBA lending authority. Contact The Bank of New Glarus 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. The Bank of New Glarus 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. The Bank of New Glarus's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Bank of New Glarus 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 The Bank of New Glarus 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 The Bank of New Glarus 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 The Bank of New Glarus 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. The Bank of New Glarus weighs this case by case under its own policy, so be upfront about your history and ask The Bank of New Glarus how it evaluates prior bankruptcies.
