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

Owensboro, Kentucky Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for entrepreneurs in Owensboro, Kentucky who are interested in getting debt financing.

Local Owensboro Banks

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

Small Business Bank Recent SBA Loans
ATM USA  
Bank One - Banking Centers- Frederica St Banking Center  
Bank One - Banking Centers- Main Office  
Bank One - Banking Centers- Triplett St Banking Center  
BB & T  
Branch Bank & Trust 2
Efmark Service CO  
Fifth Third Bank  
First Security Bank  
Firstar  
Independence Bank  
Independence Financial Services  
Kentucky Trust Bank  
National City - Owensboro  
Old National - Banking Centers- Owensboro  
Owensboro National Bank  
Republic Bank  
South Cent. Bank - Daviess Count 4
South Central Bank  
U S Bank - Branch Offices- Owensboro- Carter Road Office  
U S Bank - Branch Offices- Owensboro- New Hartford Office  
U S Bank - Branch Offices- Owensboro- Owensboro Mercy Hospital  
U S Bank - Branch Offices- Owensboro- Owensboro Office  
U S Bank - Branch Offices- Owensboro- Southtown Office  
U S Bank - Branch Offices- Owensboro- Towne Square KY Office  
U S Bank - Branch Offices- Owensboro- Wesleyan Office  

Banks that Lend to Owensboro Businesses

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

Small Business Bank Recent SBA Loans
Anchorbank, FSB
New Richmond, WI
1
Capital One
Mclean, VA
3
Capital One Bank (usa)
Glen Allen, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
2
Integra Bank
Evansville, IN
2
Jpmorgan Chase Bank
Houston, TX
5
National City Bank
Cleveland, OH
2
National City Bank
Indianapolis, IN
1
National City Bank
Louisville, KY
11
Old National Bank
Evansville, IN
4
Republic Bank & Trust Company
Louisville, KY
5
Small Business Loan Source LLC
Houston, TX
1
South Cent. Bank - Barren County
Glasgow, KY
3
U.S. Bank National Association
Cincinnati, OH
5
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
1

Owensboro Business Loan Advice

As a prerequisite to meeting with lenders to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the lender.

A well-defined business plan is essential. If the financing 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as the equity in your home. 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 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 get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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