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

Small Business Lenders in High Ridge, Missouri

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in High Ridge, Missouri, we've put together a list of local small business banks that you should contact.

Local High Ridge Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Farmers & Merchants Bank  

Banks that Lend to High Ridge Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Commerce Bank
Kansas City, MO
4
Commerce Bank
Kirkwood, MO
1
Farmers & Merchants Bank - St. C
Saint Clair, MO
1
National City Bank
Cleveland, OH
1
Stearns Bank
Saint Cloud, MN
1
U.S. Bank National Association
Cincinnati, OH
15

Business Loan Advice for High Ridge Businesses

As a prerequisite to reaching out to 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 how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the money is to for a company that is already doing business, 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 stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to do your homework 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 Investor Turnoffs.

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