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

Newton, Kansas Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Newton, Kansas seems challenging at first, but we're here to help you get started.

These materials were prepared for entrepreneurs in Newton, Kansas who are interested in getting debt financing.

Local Newton Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Central National Bank 2
Citizens State Bank  
Commercial Federal Bank - Newton Branch Office- Administrative Offices  
First Bank Of Newton 1
First Federal Savings Bank-Newton  
Hutchinson Credit Union  
Midland National Bank - Newton 20
Midland National Bank - Washington Road Branch  

Lenders for Newton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
8
Bank Of The West
Truckee, CA
1
Branch Bank & Trust
Winston Salem, NC
3
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
2
Central National Bank
Junction City, KS
1
Cit Small Business Lending Corp
Livingston, NJ
2
Countryside Bank
Republic, MO
1
Esb Financial
Emporia, KS
1
Hillcrest Bank
Overland Park, KS
1
Innovative Bank
Oakland, CA
4
Temecula Valley Bank
Temecula, CA
1
U.S. Bank National Association
Cincinnati, OH
3
Ups Capital Business Credit
Windsor, CT
1

Newton Business Loan Advice

Before meeting with lenders 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, describe what the money will finance, and show how you plan to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 you cannot repay the loan.

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 the banks in our list 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 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

Gaebler.com is a site that is devoted to aiding entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we recommend you read Getting a Small Business Loan.

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