Short-Term And Long-Term Loans For Businesses Rice Lake WI

Looking for Short-Term And Long-Term Loans For Businesses in Rice Lake? We have compiled a list of businesses and services around Rice Lake that should help you with your search. We hope this page helps you find Short-Term And Long-Term Loans For Businesses in Rice Lake.

U.S. Bank - Rice Lake Cedar Mall Branch
(800) 872-2657
2950 South Main Street
Rice Lake, WI
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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U.S. Bank - Rice Lake Cumberland Branch
(800) 872-2657
1485 Second Avenue
Cumberland, WI
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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US Bank - Rice Lake Cedar Mall Office
(715) 234-8212
2950 S Main St
Rice Lake, WI
Drive Up Hours
Mon 08:30 am to 05:00 pm
Tue 08:30 am to 05:00 pm
Wed 08:30 am to 05:00 pm
Thur 08:30 am to 05:00 pm
Fri 08:30 am to 05:00 pm
Sat 08:30 am to 12:00 pm

US Bank - Rice Lake Cumberland Office
(715) 822-3311
1485 2nd Ave
Cumberland, WI
Languages
Spanish
Drive Up Hours
Mon 07:45 am to 04:30 pm
Tue 07:45 am to 04:30 pm
Wed 07:45 am to 04:30 pm
Thur 07:45 am to 04:30 pm
Fri 07:45 am to 06:00 pm
Sat 07:45 am to 12:00 pm

Tri City National Bank - Good Hope Branch
(414) 351-7280
7213 North Teutonia Avenue
Milwaukee, WI
Hours
mon: 09:00 - 18:00
tue: 09:00 - 18:00
wed: 09:00 - 18:00
thu: 09:00 - 18:00
fri: 09:00 - 18:00
sat: 09:00 - 12:00
sun: closed
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. At NYCE ATMs that don't belong to Tri City, there is no fee for the first 2 withdrawals each statement month and only a $1 fee for each withdrawal afterwards.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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U.S. Bank - Rice Lake Main Branch
(800) 872-2657
138 North Main Street
Rice Lake, WI
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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U.S. Bank - Rice Lake Almena Branch
(800) 872-2657
243 Us Highway 8
Almena, WI
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
US Bank - Rice Lake Main Office
(715) 234-9121
138 N Main St
Rice Lake, WI
Drive Up Hours
Mon 07:45 am to 05:30 pm
Tue 07:45 am to 05:30 pm
Wed 07:45 am to 05:30 pm
Thur 07:45 am to 05:30 pm
Fri 07:45 am to 05:30 pm
Sat 07:45 am to 12:00 pm

US Bank - Rice Lake Almena Office
(715) 357-3228
243 US Highway 8
Almena, WI
Drive Up Hours
Mon 08:30 am to 04:00 pm
Tue 08:30 am to 04:00 pm
Wed 08:30 am to 04:00 pm
Thur 08:30 am to 04:00 pm
Fri 08:30 am to 05:30 pm
Sat 08:30 am to 11:00 am

TCF Bank - Mount Pleasant Branch #1033
(800) 823-2265
6115 Washington Avenue
Racine, WI
ATM Fees
monthly fee: Monthly service fees range from $0 to $15.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $3.00 fee each time you use a non-affiliated ATM after 2 uses per month.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Short-Term And Long-Term Loans For Businesses

Business loans are generally divided into two categories. Loans of less than three years are typically considered short-term while loans greater than three years are fall into the long-term category. Long-term loans are normally for a period of 10 years although some may be approved for up to 20 years.

Short-term loans can be for periods as short as 90 days. The strength of a business in terms of their balance sheet, financial statement, credit history and time in business as well as the relationship with the lending institution all enter into the loan approval decision process. Loans of less than one year to proven customers are often approved without collateral and are referred to as unsecured loans. Loans in the one to three year category most often require collateral and the assets of a business such equipment, buildings or real estate can easily provide the necessary collateral, provided that there is sufficient worth in the assets. The lending institution will obviously want to assess the value of the collateral and will monitor the loan to insure that the collateral retains its' worth over the period of the loan. These types of loans are called secured loans because the collateral that guarantees repayment could be forfeited if the loan falls into default. An alternative to an unsecured short-term note would be for a business to negotiate an approved line of credit that could be used as necessary throughout a year. This can be negotiated in advance of any requirement for a short-term loan and is available should the need arise. Short-term loans are commonly used to cover cash flow shortfalls or the enable the purchase of additional inventory.

Long-term loans of greater than three years require a more detailed analysis by the lending institution. As with short-term loans the same criteria of a good credit history coupled with a successful business balance sheet and financial statement will make the approval process quicker and easier. A long-term loan will be a secured loan, and sufficient collateral must exist and will definitely be the basis for approval. Long-term loans are appropriate for large acquisitions or purchases of equipment that has an extended life.

Interest on short and long-term loans vary widely. Typically the interest rate will be 1-3% above the prime lending rate and it is obvious that the shorter the period of the loan the less the interest expense will be. Additionally the value of any col...

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