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March 29, 2024  
 
 
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Small Business Lenders in Country Club Hills, Missouri

 
Loan Census SBA Loan Info

Raising money in Country Club Hills, Missouri? If so, you'll want to talk to some of these small business lenders in Country Club Hills.

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

Banks that Lend to Country Club Hills Businesses

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

Small Business Bank Recent SBA Loans
Commerce Bank
Kansas City, MO
1

Business Loan Advice for Country Club Hills Businesses

Before meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

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

A well-defined business plan is is critically important. If the capital is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure 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 secure the business with your personal assets, such as your individual retirement account or pension plan. The banks will look at your personal credit report 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 these banks are SBA lenders. Before meeting with the 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

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 504 Loans.

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