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

Sedalia, Colorado Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Sedalia, Colorado who are interested in getting debt financing.

Banks that Lend to Sedalia Businesses

This is a list of banks outside of Sedalia, Colorado that have provided SBA loans to Sedalia 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
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Jpmorgan Chase Bank
Houston, TX
2
Keybank National Association
Cleveland, OH
1
U.S. Bank National Association
Cincinnati, OH
2
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
Phoenix, AZ
1
Wells Fargo Bank
San Jose, CA
1

Sedalia Business Loan Advice

Prior to contacting 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the 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, the bank may ask you to 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. Before you sit down to talk with a small business 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

Our Gaebler.com site is devoted to providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Attracting Investors.

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