Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Friend, Nebraska

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Friend, Nebraska, we've assembled a list of local small business banks that you should contact.

Local Friend Business Lenders

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

Small Business Bank Recent SBA Loans
First National Bank Of Friend 1

SBA Lenders for Friend Businesses

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

Small Business Bank Recent SBA Loans
First National Bank Of Omaha
Lincoln, NE
1
First State Bank
Lincoln, NE
1

Business Loan Advice for Friend Businesses

As a prerequisite to reaching out to banks to get 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

Having a business plan is is critically important. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 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. 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. To get started, we recommend you read How Equity Dilution Works.

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