Business Lending

Baylake Bank has financed numerous business ventures in Northeast Wisconsin and is one of the most active Small Business Administration (SBA) lenders in the state. As a designated SBA Preferred Lender, Baylake Bank is able to offer its customers quick responsiveness and a rapid turn around time on all types of commercial loans.

This application package is intended to be useful to you, the borrower, as you begin your voyage into new business ventures, and is also designed to provide Baylake Bank with the information to process your loan request quickly.

Included within this application package:

• The page entitled Application for a Business Loan requires some basic information about the business you may currently own or are about to acquire. At this time you may want to speak with your accountant and attorney to determine the type of ownership that will be beneficial to you from a tax and personal liability standpoint. Determining the amount of financing that you will need is affected by a variety of factors from land acquisition and construction to inventory and working capital needs. If you currently have business debt, we will need to know the terms of those notes.
   
• Form 4506-T is included in the packet and needs to be completed if the business already exists. It enables us to verify tax information directly with the IRS and should be signed by the current owner(s) of the business.
   
• The Personal Financial Statement is a snapshot in time of your current financial picture. What are your assets and liabilities? That is, what do you own and what do you owe. It helps us to view your existing financial position and enables us to see potential liquidity upon which you can depend.
   
• The Statement of Personal History verifies that each principal is qualified to receive an SBA loan.
   
• The Checklist for SBA Loans gives you an idea of the type of information that we will be compiling when an SBA loan is being processed. Many of the forms will be completed by Baylake Bank with the information provided by you in the loan application package.

Although the package may appear a bit overwhelming at first, in the long run it enhances and speeds up complete information gathering for both you and your loan officer. More importantly, it is our hope that the completion of this form will encourage you to look at all aspects of your business. Planning is an important tool to ensure the success of your business and completing this form will help you to do that as well as increase the likelihood that we will be able to approve your loan request. If you should have any questions, please do not hesitate to call your Baylake Bank Business Banker.