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

Newport, Kentucky Small Business Loans

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Newport, Kentucky, we've assembled a list of local small business banks that you should contact.

Local Newport Banks

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

Small Business Bank Recent SBA Loans
Bank of Kentucky  
Bank One - Kentucky Banking Centers- Campbell County- Grand Av- Bank  
Citizens Bank of Northern Kentucky  
Fifth Third Bank - Banking Centers- AA Crossing Bank Mart  
Fifth Third Bank - Northern Kentucky Banking Centers- Highland Heights Banking Ce  
Fifth Third Bank - Northern Kentucky Banking Centers- Monmouth Street Banking Ce  
Fifth Third Bank - Northern Kentucky Banking Centers- Newport Banking Ce  
Heritage Bank  
The Provident Bank - Full Service Financial Centers- Kentucky- Newport  
U S Bank  
Wells Fargo Home Mortgage  

SBA Lenders for Newport Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Dallas, TX
1
Fifth Third Bank
Cincinnati, OH
2
Fifth Third Bank
Florence, KY
3
Fifth Third Bank
Louisville, KY
1
Jpmorgan Chase Bank
Houston, TX
1
Keybank National Association
Cleveland, OH
2
National City Bank
Cincinnati, OH
1
National City Bank
Cleveland, OH
3
Pnc Bank, National Association
Pittsburgh, PA
5
The Bank Of Kentucky, Inc
Crestview Hills, KY
2
The Huntington National Bank
Columbus, OH
1
The Huntington National Bank
Zanesville, OH
1
U.S. Bank National Association
Cincinnati, OH
3

Newport Bank Loan Tips

As a prerequisite to reaching out to banks to discuss getting 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the bank loan is to for a company that is already doing 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 you cannot repay the loan.

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 are SBA lenders. Before meeting with the banker, 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

Invest the time to learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

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