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

Gilbertville, Iowa Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Gilbertville Business Lenders

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

Small Business Bank Recent SBA Loans
Regions Bank  
Union Planters Bank NA - Gilbertville  

Other Lending Resources for Gilbertville Businesses

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

Small Business Bank Recent SBA Loans
Farmers State Bank
Waterloo, IA
1

Gilbertville Bank Loan Tips

As a prerequisite to meeting with lenders 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, describe what the money will finance, and show your ability to pay the loan back to the lender.

Having a business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 pledge 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. 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read Getting a Small Business Loan.

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