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March 28, 2024  
 
 
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Business Loan Clarksburg, Missouri

 
Loan Census SBA Loan Info

I need a loan for my business in Clarksburg, Missouri! If that's what's on your mind, you've come to the right place.

This article is written specifically for small business proprietors in Clarksburg, Missouri who are interested in getting a small business loan.

Banks that Lend to Clarksburg Businesses

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

Small Business Bank Recent SBA Loans
The Central Trust Bank
Jefferson City, MO
1

Tips for Getting a Business Loan in Clarksburg

Prior to reaching out to lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

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 lender.

Having a 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. 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, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 you sit down to talk with a small business 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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