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

Harlan, Kentucky Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Harlan, Kentucky! If that's what's on your mind, you've come to the right place.

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

Local Harlan Lending Resources

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

Small Business Bank Recent SBA Loans
Area Bank - Loan Department  
Bank of Harlan  
BB & T  
Home Federal Bank Corporation 1

Other Lending Resources for Harlan Businesses

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

Small Business Bank Recent SBA Loans
Branch Bank & Trust
Winston Salem, NC
1
Capital One
Mclean, VA
3
Home Federal Bank Corporation
Middlesborough, KY
1

Harlan Bank Loan Tips

Prior to meeting with banks to get 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 is critically important. If the loan 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, the bank may ask you to to to guarantee the loan 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to read up on 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 learn as much as you can. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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