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March 29, 2024  
 
 
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Business Loan Ironton, Missouri

 
Loan Census SBA Loan Info

Looking for a Ironton, Missouri small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Ironton Business Loan Sources

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

Small Business Bank Recent SBA Loans
Iron County Security Bank  
Ozarks Federal Savings  

SBA Lenders for Ironton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Commerce Bank
Kansas City, MO
2
U.S. Bank National Association
Cincinnati, OH
1

Tips for Getting a Business Loan in Ironton

Prior to reaching out to banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money 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, you will likely be asked to secure the business with your personal assets, such as the equity in your home. 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. Before you sit down to talk with a small business banker, 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 planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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