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

Silver Lake, Kansas Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Silver Lake, Kansas seems challenging at first, but we're here to help you get started.

This article is written specifically for entrepreneurs in Silver Lake, Kansas who are interested in getting a small business loan.

Local Silver Lake Lending Resources

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

Small Business Bank Recent SBA Loans
Firstar  
U S Bank - Branch Offices- Silver Lake- Silver Lake Office  

SBA Lenders for Silver Lake Businesses

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

Small Business Bank Recent SBA Loans
Community National Bank
Topeka, KS
1
U.S. Bank National Association
Cincinnati, OH
1

Silver Lake Business Loan Advice

As a prerequisite to contacting lenders 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 your ability to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the loan is to for a going concern, 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the 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

Invest the time to learn as much as you can about Raising Money. To get started, we recommend you read Angel Investors.

Business Loan Sources for Other Cities in Kansas
Get a Business Loan in Shawnee
Get a Business Loan in Topeka

Browse All Business Loan Sources for Kansas