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The Number One Rated Small
Bank in Western Wisconsin
|
Need $100,000
or Less?
Try
These Banks
"A loan At Last"
Entrepreneur Magazine, June 1995 |
Shouldn't
it be easier to get a small loan than a big one? Common
sense would say so. After all, you're not asking for the moon, or
even a million dollars--just for a little capital.
Well, if you've ever tried to get a small loan, you
know that sometimes, getting a little money is harder than getting a
lot. But not always--not if you have the following valuable
information; a list of "micro-business friendly" lenders from
the Small Business Administration. More than 25 percent of the
loans these banks made between June, 1993 and June 1994 were
"microloans," or loans of less than $100,000.
The top 100 banks are the friendliest to
small business--meaning more than one-third of their loans were for less
than $100,000. These top 100 banks are ranked according to the
percentage of microloans they granted. When it comes to obtaining business financing,
knowing where to go is half the battle. |
|
|
Small Business Services
from Park Bank...
SBA and Other Business Loans
Business Checking
Accounts
Commercial Internet Banking
Business Bill Pay
Off-Site Secure Document Storage
|
|
Top Micro-Loan
Lenders
Entrepreneur Magazine, June 1995 |
|
Bank |
City/State |
% Micro- loans |
|
Bank |
City/State |
% Micro-
loans |
| International City Bank, NA |
Long Beach, CA |
65.8 % |
|
Bitterroot Valley Bank |
LoLo, MT |
42.9 % |
| First Bank of Wheaton |
Wheaton, IL |
57.4 % |
|
Enterprise Bank & Trust |
Lowell, MA |
42.4 % |
| Commerce Bank Corp |
College Park, MD |
57.1 % |
|
Citizens Deposit Bank & Trust |
Vanceburg, KY |
42.3 % |
| Centennial Thrift & Loan |
Fount'n Valley, CA |
55.0 % |
|
Eagle Bank of Alabama |
Opelika, AL |
42.1 % |
| Rocky Mountain Bank |
Chandler, AZ |
53.4 % |
|
American Bank |
Billings, MT |
42.0 % |
| First Commercial Bank, NA |
Sequin, TX |
52.5 % |
|
Farmers and Merchants Bank |
La Grange, MO |
42.0 % |
| Town and Country Bank |
Quincy, IL |
51.8 % |
|
Farmers and Merchants State |
Meridian, ID |
41.6 % |
| First So. Nat'l Bank |
Nicholasville, KY |
51.6 % |
|
First So. Nat'l Bank |
Lexington, KY |
41.4 % |
| Maryland Permanent Bank |
Baltimore, MD |
51.4 % |
|
Bank of Walterboro |
Walterboro, SC |
41.3 % |
| Mountain West Bank |
Helena, MT |
48.8 % |
|
Mississippi River Bank |
Belle Chase, LA |
41.3 % |
| First Citizens Bank, N.A. |
Columbia Falls, MT |
48.5 % |
|
Stephenson National Bank |
Marinette, WI |
41.2 % |
| Fist Security Bank |
W. Yellowstone, MT |
47.8 % |
|
First Bank of Arkansas |
Trumann, AR |
41.0 % |
| Intervest Bank |
Clearwater, FL |
46.8 % |
|
First Nat'l Bank of SW Florida |
Cape Coral, FL |
40.8 % |
| Metrobank |
Philadelphia, PA |
46.4 % |
|
Virginia Heartland Bank |
Fredericksburg, VA |
40.6 % |
| United Bank |
Bangor, ME |
46.3 % |
|
Prairie Bank and Trust Co. |
Bridgeview, IL |
40.3 % |
| First City National Bank |
Springfield, MO |
46.1 % |
|
Pend Oreille Bank |
Newport, WA |
40.2 % |
| Monument National Bank |
Ridgecrest, CA |
45.2 % |
|
Surety Bank |
Lufkin, TX |
40.1 % |
| Bank Atlanta |
Decatur, GA |
45.1 % |
|
Community Bank La Fourche |
Raceland, LA |
39.6 % |
| National Bank of Tukwila |
Tukwila, WA |
44.7 % |
|
Bankers Trust of Madison |
Madison, AL |
39.3 % |
| Kirkwood Bank and Trust |
Bismarck, ND |
44.6 % |
|
Coffeyville State Bank |
Coffeyville, KS |
39.1 % |
| Bank of Bourbonnais |
Bourbonnais, IL |
44.5 % |
|
The Baraboo National Bank |
Baraboo, WI |
38.8 % |
| Home Bank |
Newark, MD |
44.3 % |
|
Capital Bank of Sikeston |
Sikeston, MO |
38.6 % |
| Itasca State Bank |
Grand Rapids, MN |
43.6 % |
|
Park Bank |
La Crosse,
WI |
38.6 % |
| Rocky Mountain Bank |
Billings, MT |
43.6 % |
|
Putnam State Bank |
Palatka, FL |
38.6 % |
| Poudre Valley Bank |
Fort Collins, CO |
43.2 % |
|
First National Bank Whitefish |
Whitefish, MT |
38.2 % |
| Regency Bank |
Richmond, VA |
43.2 % |
|
Central Bank of Tampa |
Tampa, FL |
38.1 % |
| Landmark Bank MidCities |
Euless, TX |
43.1 % |
|
National Bank of Arkansas |
No. Little Rock, AR |
38.0 % |
| List represents top 55 of 362 "microbusiness
friendly" banks, as ranked by Entrepreneur Magazine |
| |
Big
on being small
BY REID MAGNEY of the La Crosse
Tribune |
|
Finding the money to start or expand a
small business can be one of an entrepreneur's biggest obstacles,
especially someone with a great idea but a not-so-great grasp of
finance.
An obvious but under-appreciated resource
for capital is the local bank. A study from Bauer Financial Reports
shows "a pleasantly surprising enthusiasm on the part of the banking
industry to originate small business loans," said Paul A. Bauer,
president of the research firm. Nationally, almost two-thirds of the
banks and thrifts have commercial loans in small businesses.
"We didn't think it would be that high," Bauer said.
Locally, several banks are devoting quite
significant portions of their assets to small business loans, according to the
report. And one has even been recognized as a national leader.
Park Bank came in 50th in a ranking of the
nation's top 100 microloan lenders by Entrepreneur Magazine, which used data
from the Small Business Administration. A microloan is less than
$100,000. The ranking isn't based upon the amount of loans made, but on
the percentage of a bank's assets invested in microloans.
"We're not used to being on anybody's
national short list," said Doug Farmer, Executive Vice President of Park
Bank.
As of June 30, 1994, Park Bank had made $7.3
million in microloans, accounting for 38.6 percent of its $19.1 million in
assets.
|
 WALTER AND ROSINE MACOMBER of
Caledonia, Minn., received a Small Business Administration loan through
Park Bank in La Crosse for approximately $60,000 to start Macober's
Appliance Center. Rosine said they got hooked up with a Park Bank
banker through a small business seminar sponsored by the University of
Wisconsin - La Crosse. |
|
A Look At The Numbers
Here is a list of Coulee Region financial institutions
and the percentage of microloans to the bank's total assets.
|
| Bank |
Percentage
of Total Bank Assets |
| |
|
| Park Bank, La Crosse |
38.5 % |
| Coulee State Bank, La Crosse |
37.8 % |
| River Bank, Stoddard |
31.7 % |
| State Bank of La Crosse, La Crosse |
30.1 % |
| First National Bank of Bangor |
27.9 % |
| Norwest Bank of La Crosse, NA |
20.6 % |
| Valley Bank, La Crosse |
20.0 % |
| Citizens State Bank, Trempealeau |
12.4 % |
| Farmers State Bank, Bangor |
9.0 % |
| Union State Bank, West Salem |
9.0 % |
| First Federal Savings Bank, La Crosse |
3.3 % |
| For the quarter ended June 30, 1994. Source: Bauer
Financial Reports. |
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|
Visit Any of Our Three Locations |
|
Holmen
608-526-BANK
Staff, Location, Contact Information |
La Crosse
608-782-BANK
Staff, Location, Contact Information |
Sparta
608-269-BANK
Staff, Location, Contact Information |
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