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

Wilcox, Nebraska Business Loan

 
Loan Census SBA Loan Info

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

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

Local Wilcox Business Loan Sources

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

Small Business Bank Recent SBA Loans
Iowa-Nebraska State Bank  

Other Lending Resources for Wilcox Businesses

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

Small Business Bank Recent SBA Loans
First - Minden Finan Corp
Minden, NE
1
First National Bank - Holdrege
Holdrege, NE
2

Wilcox Business Loan Advice

Before contacting banks for a 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the financing is to for a company that is already doing 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 to guarantee the loan 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 the banks in our list participate in the financial assistance programs available through the SBA. 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 serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Microlending as a Small Business Funding Source.

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