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

Keystone, Iowa Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Keystone, Iowa who are interested in getting debt financing.

Local Keystone Business Lenders

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

Small Business Bank Recent SBA Loans
Keystone Savings Bank 1

Keystone Business Loan Advice

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

Having a business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 pledge 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 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 new to our Gaebler.com site, you should know that we are devoted to providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is 504 Loans.

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