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

Small Business Lenders in Lebanon, Kentucky

 
Loan Census SBA Loan Info

Looking for a Lebanon, Kentucky small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are looking for a small business loan and your business is based in Lebanon, Kentucky, we've assembled a list of local small business banks that you should contact.

Local Lebanon Business Loan Sources

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

Small Business Bank Recent SBA Loans
CITI Financial  
Citizens National Bank  
Community Trust Bank-Fdic Insured  
Efmark Service CO  
Farmers National Bank 1
Firstar  
Peoples Bank  

Other Lending Resources for Lebanon Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
First Federal Bank
Lexington, KY
1
Pbi Bank
Munfordville, KY
1

Business Loan Advice for Lebanon Businesses

Before reaching out to banks 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Having a business plan is is critically important. If the money is to for a company that is already doing 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 the equity in your home. 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 these banks participate in the financial assistance programs available through the SBA. 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

Our Gaebler.com site is all about providing advice to small business owners, and we have a lot of information pertaining to to Raising Money. To learn more, we recommend you read Business Line of Credit.

More Business Loan Info for Kentucky
Get a Business Loan in Lawrenceburg
Get a Business Loan in Leitchfield

Browse All Business Loan Sources for Kentucky