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

University City, Missouri Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in University City, Missouri are available. You just need to talk to the right bank.

If you are hoping to get a small business loan and your business is based in University City, Missouri, we've put together a list of local small business banks that you should contact.

Local University City Lenders

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

Small Business Bank Recent SBA Loans
Royal Banks Of Missouri 11

Banks that Lend to University City Businesses

This is a list of banks outside of University City, Missouri that have provided SBA loans to University City 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
2
Commerce Bank
Kansas City, MO
1
Innovative Bank
Oakland, CA
1
Zions First National Bank
West Valley City, UT
1

University City Bank Loan Tips

Prior to meeting with banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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 plan to pay the loan back to the bank.

A well-defined business plan is is critically important. If the capital is to for an existing business, 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, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 you sit down to talk with a small business 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

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