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

Des Peres, Missouri Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Des Peres Business Loan Sources

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

Small Business Bank Recent SBA Loans
First National Bank - St. Louis 1

SBA Lenders for Des Peres Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
Commerce Bank
Kansas City, MO
5
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
M&i Marshall & Ilsley Bank
Milwaukee, WI
1
National City Bank
Bannockburn, IL
1
National City Bank
Cleveland, OH
2
Regions Bank
Memphis, TN
1
U.S. Bank National Association
Cincinnati, OH
1

Des Peres Bank Loan Tips

As a prerequisite to reaching out to banks for a 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 your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the loan is to for an existing business, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 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.

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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