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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Yates Center, Kansas

 
Loan Census SBA Loan Info

Getting a business loan in Yates Center, Kansas seems challenging at first, but we're here to help you get started.

We wrote this article for entrepreneurs in Yates Center, Kansas who are interested in getting a small business loan.

Local Yates Center Business Loan Sources

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

Small Business Bank Recent SBA Loans
Commercial Federal Bank - Bank Agents  
Piqua State Bank 1
Street Abstract CO Inc  
Yates Center Automotive  

Lenders for Yates Center Businesses

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

Small Business Bank Recent SBA Loans
Emprise Bank
Iola, KS
1

Tips for Getting a Business Loan in Yates Center

Before contacting lenders to get a bank loan, you will need to develop the specifics of your loan request.

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 lender.

A well-defined business plan is an important prerequisite. 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to read up on 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 suggest you read Business Incubators.

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