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

Small Business Lenders in Osceola, Nebraska

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Osceola, Nebraska, we've assembled a list of local small business banks that you should contact.

Local Osceola Business Loan Sources

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

Small Business Bank Recent SBA Loans
Pinnacle Bank 5

Banks that Lend to Osceola Businesses

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

Small Business Bank Recent SBA Loans
Pinnacle Bank
Lincoln, NE
1
Pinnacle Bank
Shelby, NE
2
Union Bank And Trust Company
Lincoln, NE
1

Business Loan Advice for Osceola Businesses

Prior to contacting lenders to discuss getting 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, describe what the money will finance, and show how you plan to pay the money back to the lender.

Having a 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. 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 secure the business with 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 the banks in our list are SBA lenders. Before meeting with the 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

If you are planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Business Line of Credit.

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