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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Gridley, Kansas

 
Loan Census SBA Loan Info

Small business loans in Gridley, Kansas are available. You just need to talk to the right bank.

We wrote this article for small business owners in Gridley, Kansas who are interested in getting a small business loan.

Local Gridley Business Loan Sources

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

Small Business Bank Recent SBA Loans
The Citizens State Bank 2

Tips for Getting a Business Loan in Gridley

As a prerequisite to contacting 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the money is to for a going concern, 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 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 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

Our Gaebler.com site is devoted to assisting entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Realistic Debt Financing Options.

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