Waldo State Bank
Waldo State Bank is an active SBA lender in Wisconsin, a bank offering SBA-guaranteed small-business loans. Currently rated 4.9 stars across 27 Google reviews.
$9M
in SBA approvals since 2024
8
SBA loans funded
Fitness & Recreation · Medical Practices & Clinics · Cleaning, Landscaping & Janitorial
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Waldo State Bank
Waldo State Bank offers comprehensive SBA lending services tailored to small businesses seeking capital for growth, expansion, or operational needs. With a focus on supporting local entrepreneurs, the bank provides flexible financing options including SBA 7(a) loans, which are ideal for working capital, equipment purchases, or real estate acquisitions. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank’s commitment to community development is reflected in its personalized service and dedication to fostering local economic growth. Whether you're a startup or an established business, Waldo State Bank is equipped to help you access the funding you need to succeed. They also support various industries, with particular strength in the hospitality sector, making them a reliable partner for small business owners in the region. The bank’s primary goal is to help clients secure affordable financing while providing expert guidance every step of the way. Their friendly staff is ready to assist with loan applications, repayment options, and strategic financial planning, ensuring a smooth experience from start to finish.
Industries Waldo State Bank finances
Business types Waldo State Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Waldo State Bank
What is this place and what can I find here?
This is Waldo State Bank, a community-focused financial institution offering SBA loans and banking services to support small business growth and development in the region.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
What are the hours of operation?
Waldo State Bank's lobby is open Monday through Friday from 8:30 AM to 5:00 PM. Please confirm current hours with the bank.
Is there a fee to use this?
There are no fees for basic inquiries; loan processing and application fees may apply depending on the service.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the region, but non-residents may also apply.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally required, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application.
Is this open on weekends?
Waldo State Bank's lobby is closed on weekends, but their drive-up window is open Saturday mornings from 8:30 AM to 12:00 PM. Confirm weekend hours with the bank.
How do I get there and where do I park?
Waldo State 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.
Who owns or operates this listing?
This page is an independent directory listing for Waldo State Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Waldo State Bank itself, which runs its own lending under its own ownership. If you work at Waldo State Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Waldo State 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 Waldo State Bank before applying. If you represent Waldo State Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Waldo State Bank by phone at (920) 528-8385, via email at waldosb@waldostatebank.com, or through their online contact form at waldostate.bank/contact. Please confirm with the bank regarding SBA lending.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Waldo State Bank most often finances businesses in fitness & recreation. This reflects Waldo State 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 Waldo State Bank which sectors 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 Waldo State Bank participates in SBA Express depends on its specific SBA lending authority. Contact Waldo State Bank 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. Waldo State Bank 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?
Waldo State Bank offers startup loans. Contact the bank directly to discuss eligibility requirements and financing options for your startup.
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 Waldo State Bank 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 Waldo State Bank 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 Waldo State Bank 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. Waldo State Bank weighs this case by case under its own policy, so be upfront about your history and ask Waldo State Bank how it evaluates prior bankruptcies.
