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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Wilmore, Kentucky

 
Loan Census SBA Loan Info

Raising money in Wilmore, Kentucky? If so, you'll want to talk to some of these small business lenders in Wilmore.

These materials were prepared for small business owners in Wilmore, Kentucky who are interested in getting a small business loan.

Local Wilmore Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Wilmore.

Small Business Bank Recent SBA Loans
Citizens National Bank of Jessamine CO - Wilmore Branch  
Farmers Bank  
Kentucky Bank  

Business Loan Providers for Wilmore Businesses

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

Small Business Bank Recent SBA Loans
Fifth Third Bank
Louisville, KY
1
Jpmorgan Chase Bank
Houston, TX
1
Kentucky Bank
Nicholasville, KY
2
National City Bank
Cleveland, OH
1
The Huntington National Bank
Columbus, OH
2

Tips for Getting a Business Loan in Wilmore

As a prerequisite to contacting banks for a loan, you will need to develop the specifics of your loan request.

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 a going concern, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as your individual retirement account or pension plan. 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. Before you sit down to talk with a small business 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Attracting Investors.

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