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

Montezuma, Kansas Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Montezuma Business Loan Sources

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

Small Business Bank Recent SBA Loans
Great Plains Federal Credit Union  
Montezuma State Bank 3

Lenders for Montezuma Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Sunflower Bank
Ellinwood, KS
1

Montezuma Bank Loan Tips

Before meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

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 is critically important. If the money is to for a going concern, 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 your individual retirement account or pension plan. 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 are SBA lenders. 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

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

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