Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Bardstown, Kentucky Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Bardstown, Kentucky who are interested in getting a bank loan.

Local Bardstown Lending Resources

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

Small Business Bank Recent SBA Loans
Advance America Cash Advance  
American Portfolios Financial Services Inc  
Community Financial Services  
Efmark Service CO  
Farmers Bank & Trust CO  
First Federal Savings Bank  
Firstar  
Kentucky Home Bank, Inc. 11
Nathan & Lewis Securities Inc  
National City  
Q SI Inc  
Raymond James Financial Services  
Town & Country Bank & Trust 7
Wilson & Muir Bank & Trust 5
Wilson and Muir Bank  

Other Lending Resources for Bardstown Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Fifth Third Bank
Lexington, KY
1
Fifth Third Bank
Louisville, KY
1
First Fed. Savings Bank - Elizab
Radcliff, KY
1
First Western Sblc, Inc
Dallas, TX
1
Jpmorgan Chase Bank
Houston, TX
1
National City Bank
Cleveland, OH
2
National City Bank
Louisville, KY
1
Temecula Valley Bank
Temecula, CA
1
U.S. Bank National Association
Cincinnati, OH
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Bardstown Business Loan Advice

Prior to reaching out to banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the capital is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 pledge your personal assets, such as the equity in your home. 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 do your homework 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

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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