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

Fulton, Missouri Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Fulton, Missouri 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 Fulton, Missouri, we've assembled a list of local small business banks that you should contact.

Local Fulton Lenders

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

Small Business Bank Recent SBA Loans
Bank Star One  
Central Bank  
Don Woodson  
Exchange Bank of Missouri  
The Callaway Bank 13
United Security Bank 1

Other Lending Resources for Fulton Businesses

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

Small Business Bank Recent SBA Loans
Commerce Bank
Kansas City, MO
1
Edward Jones Trust Company
Saint Louis, MO
1
Exch National Bank - Jefferson City
Jefferson City, MO
1
Premier Bank
Jefferson City, MO
1
Regions Bank
Memphis, TN
1
Small Business Loan Source LLC
Houston, TX
1
The Central Trust Bank
Jefferson City, MO
10

Fulton Bank Loan Tips

Before meeting with banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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.

A well-defined business plan is essential. If the capital is to for an existing business, 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 pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 participate in the financial assistance programs available through the SBA. 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

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Business Credit Evaluation.

More Business Lender Lists for Missouri Cities
Get a Business Loan in Fort Leonard Wood
Get a Business Loan in Grain Valley

Browse All Business Loan Sources for Missouri