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

Webb City, Missouri Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Webb City, Missouri who are interested in getting debt financing.

Local Webb City Banks

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

Small Business Bank Recent SBA Loans
Arvest Bank  
First State Bank  
Mid-missouri Bank 47

Other Lending Resources for Webb City Businesses

This is a list of banks outside of Webb City, Missouri that have provided SBA loans to Webb City 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
Hometown Bank
Carthage, MO
2
Liberty Bank
Springfield, MO
4
Mid-missouri Bank
Joplin, MO
1
Southern Missouri Bank & Trust.
Poplar Bluff, MO
1
Southwest Missouri Bank
Carthage, MO
4
U.S. Bank National Association
Cincinnati, OH
2

Webb City Business Loan Advice

Prior to meeting with banks 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

A well-defined business plan is essential. If the financing 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 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 are SBA lenders. 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 Angel Investors.

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