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

Business Loan Adams, Nebraska

 
Loan Census SBA Loan Info

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

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

Local Adams Lending Resources

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

Small Business Bank Recent SBA Loans
Adams State Bank  

Other Lending Resources for Adams Businesses

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

Small Business Bank Recent SBA Loans
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
Sioux Falls, SD
1

Tips for Getting a Business Loan in Adams

As a prerequisite to meeting with lenders 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, describe what the money will finance, and show your ability to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee 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 are SBA lenders. Prior to visiting local banks, 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

If you are new to our Gaebler.com site, you should know that we are passionate about providing advice to entrepreneurs, and we have a lot of useful articles about to Raising Money. If raising money is on your to-do list, we would suggest you read Business Line of Credit.

Business Loan Sources for Other Cities in Nebraska
Get a Business Loan in Alliance

Browse All Business Loan Sources for Nebraska