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March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Mayetta, Kansas

 
Loan Census SBA Loan Info

Getting a business loan in Mayetta, Kansas 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 Mayetta, Kansas, we've assembled a list of local small business banks that you should contact.

SBA Lenders for Mayetta Businesses

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

Small Business Bank Recent SBA Loans
Corefirst Bank & Trust
Topeka, KS
1

Business Loan Advice for Mayetta Businesses

Before contacting banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

A well-defined business plan is essential. If the bank loan is to for an existing 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, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. 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 you sit down to talk with a small business 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. For starters, we recommend you read Microlending as a Small Business Funding Source.

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