Skybank Business Loans, a small-business funding service in Wausau, Wisconsin, can be reached by phone or the web form. This page gives the phone number and listed location, the questions worth asking before any business loan, and the documents a partner may request.
Phone line and listed Wausau, WI location
Phone: (715) 408-8962
Skybank Business Loans, 328 Washington St, Wausau, WI 54403.
Or send the request form with your contact details and three range picks. Owners anywhere in Marathon County can send a request through the form or phone it in.
Questions to ask when applying for a business loan for Marathon County, WI businesses
- What is the total of every payment, not only the monthly amount?
- What fees come out at funding, and what will I actually receive?
- Is the offer secured, and on what? Is a personal guarantee required?
- Can I pay it off early, and is there a fee for doing so?
- How are payments collected: monthly, weekly or daily?
- What happens if a payment is late?
Questions to ask before getting a loan for Marathon County, WI owners
Before taking on any debt, ask yourself three questions as well. What exactly will the money pay for, and how does that purchase earn back the payment? What happens to the business if revenue falls by a quarter while the loan is outstanding? And is there another way to cover the same cost, such as a supplier's payment terms or a customer deposit?
What documents are required for a business loan for Wausau, WI owners?
A partner may start with a core set: recent business bank statements, the latest filed business tax return, a current profit and loss statement and a list of existing debts. Larger or longer requests add a balance sheet, more years of returns and, for secured offers, details of the collateral.
What documents are needed for a small business loan for Wausau, WI owners?
- Business bank statements, several recent months
- Business tax returns, the last filed years
- Year-to-date profit and loss statement
- Balance sheet
- Current debts with balances and payments
- Owner ID and, if asked, personal tax returns
- Purpose documents: quotes, purchase agreements, contractor bids
The Wausau, WI page has Marathon County business figures, and the request page explains each form field.
By Skybank Business Loans · Updated
