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

Archie, Missouri Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Archie, Missouri, we've assembled a list of local small business banks that you should contact.

Local Archie Banks

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

Small Business Bank Recent SBA Loans
Central Bank of Kansas City  

SBA Lenders for Archie Businesses

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

Small Business Bank Recent SBA Loans
Commerce Bank
Kansas City, MO
2

Archie Bank Loan Tips

Before reaching out to banks to discuss getting a bank 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 how you intend to to pay the loan back to the bank.

A well-defined business plan is is critically important. 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, 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 meeting with the banker, you may want to do your homework 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.

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