Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Latimer, Iowa

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Latimer, Iowa, we've assembled a list of local small business banks that you should contact.

Local Latimer Lending Resources

Without further adieu, here's our list of small business banks in Latimer.

Small Business Bank Recent SBA Loans
First Citizens National Bank  

Business Loan Providers for Latimer Businesses

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

Small Business Bank Recent SBA Loans
First National Bank Of Hampton
Hampton, IA
1
Wells Fargo Bank
San Jose, CA
2

Business Loan Advice for Latimer Businesses

Before contacting 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the bank 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, you will likely be asked 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 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 504 Loans.

More Business Loan Info for Iowa
Get a Business Loan in Knoxville
Get a Business Loan in Le Mars

Browse All Business Loan Sources for Iowa