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

Davenport, Iowa Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Davenport, Iowa who are interested in getting a small business loan.

Local Davenport Banks

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

Small Business Bank Recent SBA Loans
Amer Bank & Trust 2
American Bank & Trust CO - Offices  
Brenton Investments  
Commercial Federal Bank  
First Midwest Bank  
First National Bank 1
Firstar Bank Davenport  
Firstar Investment Services Inc  
Great River Bank & Trust 6
Great River Financial Services  
Metro Bank  
New Era Financial Systems  
Northwest Bank & Trust Company 114
Quad City Bank & Trust 14
Quad City Bank and Trust  
Security First Bank  
Southeast National Bank 1
The National Bank 5
U S Bank - Branch Offices- Bettendorf- Bettendorf Office  
U S Bank - Branch Offices- Davenport- Davenport Northwest Office  
U S Bank - Branch Offices- Davenport- Davenport Supertarget Office  
U S Bank - Branch Offices- Davenport- Quad Cities Division St Office  
U S Bank - Branch Offices- Davenport- Quad Cities Downtown Office  
U S Bank Home Mortgage  
Valley Bank  
Valley State Bank  
Wells Fargo Bank 1

Other Lending Resources for Davenport Businesses

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

Small Business Bank Recent SBA Loans
Associated Bank
Green Bay, WI
2
Bank Of America
Charlotte, NC
3
Buffalo Savings Bank
Buffalo, IA
1
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
2
Capital One
Mclean, VA
5
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Sacramento, CA
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Dacotah Bank
Sioux Falls, SD
1
Dutrac Community Cu
Dubuque, IA
1
First American Bank
Fort Dodge, IA
1
First American Bank
Fort Myers, FL
2
First Central State Bank
De Witt, IA
9
First Central State Bank
Le Claire, IA
1
First Midwest Bank
Itasca, IL
1
First Midwest Bank
Moline, IL
1
First National Bank
Moline, IL
1
Innovative Bank
Oakland, CA
3
Iowa St. Bank & Trust
Iowa City, IA
2
National City Bank
Bannockburn, IL
1
Quad City Bank & Trust
Bettendorf, IA
28
Quad City Bank & Trust
Moline, IL
1
Ridgestone Bank
Brookfield, WI
2
The National Bank
Bettendorf, IA
2
U.S. Bank National Association
Cincinnati, OH
16
U.S. Bank National Association
San Diego, CA
4
Ups Capital Business Credit
Windsor, CT
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Ames, IA
1
Wells Fargo Bank
Des Moines, IA
1
Wells Fargo Bank
Minneapolis, MN
7
Wells Fargo Bank
San Jose, CA
12
Wells Fargo Bank
Sioux Falls, SD
6

Davenport Business Loan Advice

As a prerequisite 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, define how the money will be used, and show your ability to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the capital is to for a going concern, 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, you will likely be asked to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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 get up to speed on the subject. If you haven't read it already, we recommend you review Business Credit Evaluation.

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