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

Business Loan Horse Cave, Kentucky

 
Loan Census SBA Loan Info

Small business loans in Horse Cave, Kentucky are available. You just need to talk to the right bank.

We wrote this article for entrepreneurs in Horse Cave, Kentucky who are interested in getting a bank loan.

Local Horse Cave Lending Resources

Without further adieu, here's our list of small business banks in Horse Cave.

Small Business Bank Recent SBA Loans
Horse Cave Banking Center  
Pioneer Bank - Horse Cave Office  

Banks that Lend to Horse Cave Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Edmonton State Bank
Glasgow, KY
2
Integra Bank
Evansville, IN
1
Pbi Bank
Louisville, KY
4
Pnc Bank, National Association
Pittsburgh, PA
1
South Cent. Bank - Barren County
Glasgow, KY
5
United Central Bank
Garland, TX
1

Tips for Getting a Business Loan in Horse Cave

Prior 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 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 bank.

A well-defined business plan is an important prerequisite. If the loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee 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, you will likely be asked 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 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Borrowing Money from Friends and Family.

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