Woodford State Bank

This is a community-focused bank offering SBA loan programs and small business financing solutions, providing personalized support and guidance for entrepreneurs in Monroe, Wisconsin.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in visits are also welcome during business hours.

Woodford State Bank's lobby hours are 8:30 AM to 4:30 PM Monday through Friday, with drive-up service extending to 5:30 PM on Fridays at select branches. Contact the bank directly to confirm specific hours for your nearest location.

There are fees associated with loan processing and closing, which vary depending on the loan specifics; consult with a representative for details.

This bank primarily serves local small businesses and residents in Monroe, Wisconsin, but can support qualifying applicants from surrounding areas as well.

A minimum personal credit score of around 680 is generally preferred, though other factors also influence approval.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan application.

Yes, Woodford State Bank operates on Saturdays. Lobby and drive-up service are available 8:30 AM to 12:00 PM Saturdays at multiple locations.

Woodford 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.

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

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

You can reach Woodford State Bank by phone at (608) 325-7766 or online at woodfordstatebank.com — 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 Woodford State Bank before relying on them.

Based on its approved SBA loans, Woodford State Bank most often finances businesses in general retail. This reflects Woodford 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 Woodford State 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 Woodford State Bank participates in SBA Express depends on its specific SBA lending authority. Contact Woodford State 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. Woodford State 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. Woodford State Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Woodford State 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 Woodford State 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 Woodford State 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 Woodford State 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. Woodford State Bank weighs this case by case under its own policy, so be upfront about your history and ask Woodford State Bank how it evaluates prior bankruptcies.