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

Business Loan Hesston, Kansas

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Hesston, Kansas who are interested in getting debt financing.

Local Hesston Lending Resources

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

Small Business Bank Recent SBA Loans
Central National Bank  
First Bank  
Midland National Bank  
The Citizens State Bank 4

Other Lending Resources for Hesston Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
Central National Bank
Junction City, KS
5

Tips for Getting a Business Loan in Hesston

Before 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, define how the money will be used, and show how you plan to pay the money back to the bank.

Having a business plan is an important prerequisite. If the capital is to for a company that is already doing 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 to guarantee the loan 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 planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Getting a Small Business Loan.

More Business Loan Info for Kansas
Get a Business Loan in Haysville
Get a Business Loan in Hutchinson

Browse All Business Loan Sources for Kansas