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

Green City, Missouri Business Loan

 
Loan Census SBA Loan Info

Small business loans in Green City, Missouri are available. You just need to talk to the right bank.

This article is written specifically for small business owners in Green City, Missouri who are interested in getting a small business loan.

Local Green City Lenders

Without further adieu, here's our list of small business banks in Green City.

Small Business Bank Recent SBA Loans
Farmer's Bank of Green City  

SBA Lenders for Green City Businesses

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

Small Business Bank Recent SBA Loans
Bank Of Kirksville
Kirksville, MO
1

Green City Business Loan Advice

As a prerequisite to contacting 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written 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. 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 get up to speed 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

Gaebler.com is a site that is devoted to providing advice to entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is 504 Loans.

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