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

Hartsburg, Missouri Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Hartsburg, Missouri seems challenging at first, but we're here to help you get started.

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

Lenders for Hartsburg Businesses

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

Small Business Bank Recent SBA Loans
Exch National Bank - Jefferson City
Jefferson City, MO
1
Regions Bank
Columbia, MO
1
The Central Trust Bank
Jefferson City, MO
2

Hartsburg Bank Loan Tips

As a prerequisite to meeting with lenders to discuss getting a bank loan, you will need to have a specific plan.

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 intend to to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the financing 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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 these banks are SBA lenders. Before meeting with the banker, 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

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