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

Business Loan Orange City, Iowa

 
Loan Census SBA Loan Info

Small business loans in Orange City, Iowa are available. You just need to talk to the right bank.

These materials were prepared for small business owners in Orange City, Iowa who are interested in getting debt financing.

Local Orange City Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Orange City.

Small Business Bank Recent SBA Loans
Community Bank 6
First Federal Bank  
Iowa State Bank 3
Northwestern Bank 2
Northwestern State Bank  

SBA Lenders for Orange City Businesses

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

Small Business Bank Recent SBA Loans
American State Bank
Sioux Center, IA
3
Bank Of America
Charlotte, NC
1
Community Bank
Alton, IA
5
Peoples Bank
Rock Valley, IA
1

Tips for Getting a Business Loan in Orange City

As a prerequisite to 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 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 bank.

Being able to present a well-written business plan is essential. If the financing 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 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, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. The banks will look at your personal credit report 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 are SBA lenders. Prior to visiting local banks, 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

If you are new to our Gaebler.com site, you should know that we are passionate about providing advice to small business owners, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Bank Credit Lines.

Business Loan Sources for Other Cities in Iowa
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Get a Business Loan in Oskaloosa

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