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

Small Business Lenders in New Haven, Missouri

 
Loan Census SBA Loan Info

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

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

Local New Haven Lenders

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

Small Business Bank Recent SBA Loans
Citizens Bank  
Peoples Savings Bank  

SBA Lenders for New Haven Businesses

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

Small Business Bank Recent SBA Loans
Bank Of Franklin County
Washington, MO
1
Capital One
Mclean, VA
1
U.S. Bank National Association
Cincinnati, OH
1

Business Loan Advice for New Haven Businesses

Before reaching out to banks to discuss getting 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.

A well-defined business plan is is critically important. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

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. 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 serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Attracting Investors.

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