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Best Small Business Loans in Green Bay, WI

Aug. 15, 2019, 8:17 p.m.

Applying for a business loan can be intimidating and stressful. A lender should understand your business and not treat you like a number. Our partners at ConsumerAffairs researched the best business loans in Green Bay to help grow your company.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. NBC26 may receive compensation from our partners. Learn more.

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#1
RECOMMENDED
Seek Business Capital

Startup Consulting • Business Services

VISIT WEBSITE
CALL SEEK BUSINESS CAPITAL
(844) 587-9906
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#1 MOST POPULAR
Seek Business Capital
Seek Business Capital
Features
  • Available in Green Bay
  • More than 92% funding approval rate
  • Same day approval
  • Apply online
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VISIT WEBSITE
CALL SEEK BUSINESS CAPITAL
(844) 587-9906
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#2
Imperial Advance
Imperial Advance
Features
  • Offers financial consulting
  • Flexible loan programs
  • Funds are available in 24 hours
  • Available in Green Bay
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VISIT WEBSITE
CALL IMPERIAL ADVANCE
(888) 633-2083
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#3
National Business Capital
National Business Capital
Features
  • More than $1 bilion in funding secured
  • Multiple financing options
  • Available in Green Bay
  • More than 10 years of industry experience
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VISIT WEBSITE
CALL NATIONAL BUSINESS CAPITAL
(866) 270-5585
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#4
Huntington National Bank
Huntington National Bank
Features
  • Offers business loans and lines of credit
  • Offers educational resources for small businesses
  • Founded in 1866
  • #1 SBA lender in the region
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Location
1601 S. Webster Ave.
Green Bay, WI 54301
(920) 436-1601
#5
Fox Communities Credit Union
Fox Communities Credit Union
Features
  • Has helped over 4,000 local businesses
  • Founded in 1937
  • Business team has over 100 years of combined experience
  • Support a variety of local charities
Read More
Location
1820 Main St.
Green Bay, WI 54302
(920) 490-2900
Bay Bank
Bay Bank
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • baybankgb.com
Location
2555 Packerland Dr.
Green Bay, WI 54313
(920) 490-7600
Johnson Financial Group
Johnson Financial Group
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • johnsonbank.com
Location
318 S. Washington St.
Green Bay, WI 54301
(920) 433-7100
Business Lending Group
Business Lending Group
Features
  • M-F: 8am - 4:30pm
  • Closed Sat and Sun
  • businesslendinggroup.com
Location
2350 N. Casaloma Dr., Ste. 100
Appleton, WI 54913
(920) 882-8400
Captial Credit Union
Captial Credit Union
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • capitalcu.com
Location
911 S. Huron Rd.
Green Bay, WI 54311
(920) 494-2828
Fortifi Bank
Fortifi Bank
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • fortifibank.com
Location
2181 S. Oneida St., Ste. 2
Green Bay, WI 54304
(855) 876-1500

How to get a business loan in Green Bay

Green Bay Skyline

Whether you are an entrepreneur launching a startup in Green Bay or a seasoned business owner expanding your company, a business loan will help you take the next step.

There are many different types of business loans in Green Bay. Some are available for multiple purposes and have little or no restrictions on how you use the funds. Others are dedicated to specific purchases, such as real estate or equipment. Some common loan types are:

  • Term loans: These loans provide upfront capital that is paid back over a predetermined period of time. The interest and the repayment plan are based on the business’s credit history, financial condition, and monthly revenue.
  • Business lines of credit: These work like a credit card, providing a maximum amount of funding the business can use and accruing interest on money used. While there are significant penalties for missed payments, the approval process is often simple.
  • Equipment loans: These loans sometimes require a down payment and are used to purchase equipment. The purchased equipment serves as collateral for the loan.
  • Invoice financing: Invoice financing provides funding that is secured by unpaid invoices. These loans are often ideal for companies with outstanding invoices that need quick capital.
  • Merchant cash advance: This will give the borrower a lump sum of cash in exchange for an agreed-upon percentage of future credit and debit card sales.
  • U.S. Small Business Administration (SBA) loans: This is a government-backed loan available from third-party lenders. SBA loans tend to be long-term loans and carry a lower annual percentage rate.

Depending on the kind of loan you choose, you may have the option to take out a short-term or long-term loan. Short-term loans usually have less rigorous application requirements, but they typically have higher interest rates. Long-term loans are generally used by established companies with a history of positive revenue. The table below lists common standards for the two types of loans.

Short-term vs. long-term business loans

Short-term loans Long-term loans
Time in business 9 months or more 2 years or more
Annual business revenue $50,000 or more $100,000 or more, plus profitability
Credit score 550 or above 700 or above
Loan amounts Up to $250,000, usually less than $25,000 From $250,000 to more than $1 million
Annual percentage rate 8.5% or higher 5% or higher
Length of term 3-18 months 5-20 years

When comparing loans in Green Bay, consider the fees that come with each loan. Lenders may charge origination fees, underwriting fees, closing costs and prepayment penalties that vary per company. Lenders communicate fees as a percentage of the loan, generally less than five percent, and the total amount is usually deducted from the loan amount received.

You don’t want temporary financial restraints to limit your business in Green Bay. Find a loan that works for your company so your business can grow and stay competitive.

Seek Business Capital

Seek Business Capital

CALL SEEK BUSINESS CAPITAL

(844) 587-9906 VISIT SEEK BUSINESS CAPITAL

Seek Business Capital offers funding estimates within two hours and has a funding approval rate of 92 percent for qualified applicants. Loans range from $5,000 to $500,000 and do not require collateral. Some Green Bay customers are pleased they received more funding than anticipated, but others say they wish the company was more transparent about fees.

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Imperial Advance

Imperial Advance

CALL IMPERIAL ADVANCE

(888) 633-2083 VISIT IMPERIAL ADVANCE

Imperial Advance works with an extensive network of lenders to provide no-obligation loan offers for businesses. The company has loan specialists to help you choose the best loan for your company, and it makes funds available in as few as 24 hours after approval. Customers appreciate the fast and easy processes and low interest rates.

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National Business Capital

National Business Capital

CALL NATIONAL BUSINESS CAPITAL

(866) 270-5585 VISIT NATIONAL BUSINESS CAPITAL

National Business Capital offers 12 different business finance options. The company was founded in 2007 and has helped over 10,000 clients with more than $1 billion in funding. National Business Capital prides itself on a quick and transparent process. Green Bay business owners say they appreciate the helpful service provided by the company.

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Huntington National Bank

Huntington National Bank

Huntington National Bank was founded in 1866 and has been ranked the No. 1 SBA lender in the region from 2008 to 2017 by the U.S. Small Business Administration. The company offers business loans and lines of credit and has educational resources for small businesses. Customers from Green Bay appreciate the personal attention they receive.

Fox Communities Credit Union

Fox Communities Credit Union

Fox Communities Credit Union was founded in 1937 and has helped more than 4,000 local businesses. The company’s business team has more 100 years of combined experience. In addition to helping businesses, they also support a variety of charities in the Green Bay area. Local customers note how personable and friendly the company’s staff is.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.