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

Estherville, Iowa Business Loan

 
Loan Census SBA Loan Info

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

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

Local Estherville Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank Plus 6
Emmet County State Bank 3
Northstar Agency  
Northstar Bank  
Northwest Federal Savings Bank  

Lenders for Estherville Businesses

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

Small Business Bank Recent SBA Loans
Bank Midwest Minnesota Iowa Na
Fairmont, MN
1
Bank Midwest Minnesota Iowa Na
Okoboji, IA
2
Boundary Waters Bank
Blaine, MN
1
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
2
Wells Fargo Bank
Sioux Falls, SD
1

Estherville Business Loan Advice

As a prerequisite to contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, 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 money back to the bank.

Being able to present a well-written business plan is essential. If the bank loan is to for a company that is already doing 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to 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 are SBA lenders. 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 new to our Gaebler.com site, you should know that we are deeply committed to supporting small business owners, and we have a lot of useful articles about to Raising Money. For example, we recommend you read Realistic Debt Financing Options.

Business Loan Sources for Other Cities in Iowa
Get a Business Loan in Dubuque
Get a Business Loan in Fairfield

Browse All Business Loan Sources for Iowa