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

Orchard, Nebraska Business Loan

 
Loan Census SBA Loan Info

Looking for a Orchard, Nebraska 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.

We wrote this article for small business proprietors in Orchard, Nebraska who are interested in getting a small business loan.

Local Orchard Banks

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

Small Business Bank Recent SBA Loans
Bank of Orchard  

Lenders for Orchard Businesses

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

Small Business Bank Recent SBA Loans
Farmers State Bank
Ewing, NE
1
Great Western Bank
Oneill, NE
1
Heritage Bank
Wood River, NE
2

Orchard Business Loan Advice

Before contacting banks for a loan, you will need to determine exactly what size loan you will be asking for.

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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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

Invest the time to learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

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