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

Small Business Lenders in Corydon, Iowa

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Corydon, Iowa, we've assembled a list of local small business banks that you should contact.

Local Corydon Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Corydon.

Small Business Bank Recent SBA Loans
Citizens Bank  
Corydon State Bank  
Great Western Bank 5

Banks that Lend to Corydon Businesses

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

Small Business Bank Recent SBA Loans
First American Bank
Fort Myers, FL
1
Great Western Bank
Chariton, IA
1

Business Loan Advice for Corydon Businesses

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.

Having a business plan is is critically important. If the financing 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 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. Prior to visiting local banks, 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.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Borrowing Money from Friends and Family.

More Business Loan Info for Iowa
Get a Business Loan in Coralville
Get a Business Loan in Council Bluffs

Browse All Business Loan Sources for Iowa