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March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Abilene, Kansas

 
Loan Census SBA Loan Info

I need a loan for my business in Abilene, Kansas! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Abilene, Kansas, we've assembled a list of local small business banks that you should contact.

Local Abilene Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Abilene.

Small Business Bank Recent SBA Loans
First National Bank  
Great Plains Federal Credit Union  
Pinnacle Bank 3
Solomon State Bank  
UMB Bank  
Umb National Bank Of America 2

Lenders for Abilene Businesses

This is a list of banks outside of Abilene, Kansas that have provided SBA loans to Abilene businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Astra Bank
Scandia, KS
2
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
1
Innovative Bank
Oakland, CA
1
Wells Fargo Bank
Minneapolis, MN
1

Business Loan Advice for Abilene Businesses

Prior to reaching out to banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list are SBA lenders. Before you sit down to talk with a small business banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

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