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March 29, 2024  
 
 
  Business Loan Information  
 

Humboldt, Kansas Business Loan

 
Loan Census SBA Loan Info

Raising money in Humboldt, Kansas? If so, you'll want to talk to some of these small business lenders in Humboldt.

This article is written specifically for entrepreneurs in Humboldt, Kansas who are interested in getting a bank loan.

Local Humboldt Business Lenders

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

Small Business Bank Recent SBA Loans
Community National Bank 2

Lenders for Humboldt Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Community National Bank
Chanute, KS
1

Humboldt Business Loan Advice

As a prerequisite to meeting with banks for a 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

A well-defined business plan is is critically important. If the loan 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, the bank may ask you to to secure the business with 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. Before meeting with the banker, 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Angel Investors.

Business Loan Sources for Other Cities in Kansas
Get a Business Loan in Haysville
Get a Business Loan in Hutchinson

Browse All Business Loan Sources for Kansas