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

Mullinville, Kansas Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Mullinville, Kansas seems challenging at first, but we're here to help you get started.

If you are hoping to get a small business loan and your business is based in Mullinville, Kansas, we've put together a list of local small business banks that you should contact.

Local Mullinville Lending Resources

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

Small Business Bank Recent SBA Loans
Mullinville State Bank  

Other Lending Resources for Mullinville Businesses

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

Small Business Bank Recent SBA Loans
Haviland State Bank
Haviland, KS
1

Mullinville Bank Loan Tips

Prior to reaching out to banks to discuss getting 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the capital 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 guarantee 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 to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 new to our Gaebler.com site, you should know that we are devoted to aiding small business owners, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Bank Credit Lines.

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