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

Lewistown, Missouri Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Lewistown, Missouri 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 Lewistown, Missouri, we've assembled a list of local small business banks that you should contact.

Local Lewistown Business Loan Sources

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

Small Business Bank Recent SBA Loans
United State Bank 2

Business Loan Providers for Lewistown Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1

Lewistown Bank Loan Tips

Before meeting with lenders to get 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 plan to pay the loan back to the lender.

A well-defined business plan is is critically important. If the bank loan is to for a going concern, 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 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 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

Make the effort and learn as much as you can about Raising Money. To get started, we suggest you read Realistic Debt Financing Options.

More Business Lender Lists for Missouri Cities
Get a Business Loan in Lebanon
Get a Business Loan in Liberty

Browse All Business Loan Sources for Missouri