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

Overland, Missouri Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Overland, Missouri who are interested in getting debt financing.

Local Overland Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Overland.

Small Business Bank Recent SBA Loans
Bank Of America  

Banks that Lend to Overland Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
California Bank & Trust
Sacramento, CA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank-texas
Dallas, TX
1
Innovative Bank
Oakland, CA
2
Southwest Bank Of St. Louis
Saint Louis, MO
2
U.S. Bank National Association
Cincinnati, OH
4

Overland Business Loan Advice

As a prerequisite to 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 introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is essential. 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 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, you will likely be asked to pledge 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. Prior to visiting local banks, 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

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Attracting Investors.

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