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We have a variety of business loans available to meet the specific and unique needs of your business.

Our local decisions allow us to see more than just the numbers with your business. We take the time to see the whole picture to better understand you, your business, and your overall goals.

Meet Our Business Team

With our personalized service, we can help you with:

  • Lines of Credit
  • Commercial Real Estate
  • Term Loans
  • Short-term Working Capital
  • Construction Loans
  • Equipment Loans
  • Business Credit Cards

Talk with one of our Business Bankers today to see how we can provide you with a customized loan that fits your business needs.

As a member of many state and local organizations, we keep a finger on the pulse of what’s happening in our communities. We understand how helping your business thrive also helps build stronger neighborhoods for the people we serve.


PPP Update

January 11, 2021

Charter Bank will be a lender in this new round of Paycheck Protection Program (PPP) funding that was passed as part of a $900 billion relief bill in late December.

We expect the SBA Application Portal to be open the week of January 18, 2021. The SBA sent out instructions and applications late Friday evening, (01/11/21) and we have been reviewing them in order to provide you with an opportunity to start your application process.

Depending on whether or not you received a PPP loan during the initial program you would apply under the new program as either a "First Draw Applicant" or a "Second Draw Applicant". Please click the links in order to determine your status and required qualifications.

Contact your Business Banking representative if you have questions or would like to apply.

Thanks for trusting Charter Bank for your Business Banking needs.

COVID-19 Businesses Resouces

We understand that these are trying times, but we will be here to help in any way we can. Call or email your business banker today with questions.

SBA (Small Business Administration) Loans. You can also call 1-800-659-2955 (TTY: 1-800-877-8339) or email

Wisconsin Resources
Minnesota Resources

Effective May 11, 2018, all banks will be subject to new rules under the Bank Secrecy Act that will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.

Each time a deposit account is opened or a new loan is established for a covered Legal Entity, we will be required to ask you for identifying information (name, address, date of birth, social security number), as well as identification documentation for:

  • EACH individual that has 25% or more Beneficial Ownership in the Legal Entity; and,
  • ONE individual that has Significant Managerial Control of the Legal Entity.

If you are opening an account on behalf of a Legal Entity, you will be required to provide appropriate documentation and to Certify that this information is true and accurate to the best of your knowledge.

Legal entities will need to identify and attest to all ultimate beneficial owner(s) that meet specific requirements as well as a controlling person (CEO, CFO, COO, Managing Member, General Partner, President, etc.)

  • We are required to obtain this information for each individual whether or not they are already a customer of Charter Bank.
  • The information we collect will only be used for managing your account and will not be shared or used for marketing purposes.

To make this process as efficient as possible, we suggest that you obtain the above information along with a copy of the current Driver’s License for EACH identified individual when you’re ready to open an account or apply for a loan. If your business will frequently be opening new accounts/loans, please keep this information current and available to present EACH time you come in to establish a new account.

If you are already a customer of the bank, we can use what we already have on file to help complete the necessary documentation for this new guidance. If we still need more info we will be sure to let you know.

As a reminder, this rule is in effect as of May 11, 2018 which means any accounts opened prior to May 11th will not be subject to these new requirements.

Please reach out to your Banker with any additional questions you might have.

Download the Beneficial Ownership form