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

Small Business Lenders in Fowler, Kansas

 
Loan Census SBA Loan Info

Getting a business loan in Fowler, Kansas seems challenging at first, but we're here to help you get started.

If you are looking for a small business loan and your business is based in Fowler, Kansas, we've put together a list of local small business banks that you should contact.

Local Fowler Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Fowler.

Small Business Bank Recent SBA Loans
Fowler State Bank 4

Business Loan Advice for Fowler Businesses

Before reaching out to banks to discuss getting a bank loan, you will need to have a specific plan.

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

Having a business plan is an important prerequisite. If the money 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 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 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. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read 504 Loans.

More Business Lender Lists for Kansas Cities
Get a Business Loan in Fort Scott
Get a Business Loan in Garden City

Browse All Business Loan Sources for Kansas