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

Bucklin, Kansas Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Bucklin, Kansas are available. You just need to talk to the right bank.

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

Local Bucklin Business Lenders

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

Small Business Bank Recent SBA Loans
Bucklin National Bank-Gnb  
Commercial Federal Bank - Commercial Federal Bank Agents  
Farmers State Bank 1

Bucklin Bank Loan Tips

Prior to reaching out to 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the money is to for a company that is already doing 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, the bank may ask you to 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 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 get up to speed on the subject. If you haven't read it already, we recommend you review Attracting Investors.

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