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

Small Business Lenders in Van Buren, Missouri

 
Loan Census SBA Loan Info

Getting a business loan in Van Buren, Missouri seems challenging at first, but we're here to help you get started.

If you are planning on applying for a small business loan and your business is based in Van Buren, Missouri, we've put together a list of local small business banks that you should contact.

Local Van Buren Banks

Without further adieu, here's our list of small business banks in Van Buren.

Small Business Bank Recent SBA Loans
Bank of Grandin  

Lenders for Van Buren Businesses

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

Small Business Bank Recent SBA Loans
West Plains Bank & Trust
West Plains, MO
1

Business Loan Advice for Van Buren Businesses

Before reaching out to banks 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 bank.

Being able to present a well-written business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 pledge 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 are SBA lenders. Before meeting with the banker, 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read How Equity Dilution Works.

More Business Lender Lists for Missouri Cities
Get a Business Loan in Valley Park
Get a Business Loan in Warrensburg

Browse All Business Loan Sources for Missouri