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

Business Loan Otoe, Nebraska

 
Loan Census SBA Loan Info

I need a loan for my business in Otoe, Nebraska! If that's what's on your mind, you've come to the right place.

We wrote this article for small business owners in Otoe, Nebraska who are interested in getting a bank loan.

Other Lending Resources for Otoe Businesses

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

Small Business Bank Recent SBA Loans
U.S. Bank National Association
San Diego, CA
1

Tips for Getting a Business Loan in Otoe

As a prerequisite to 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Being able to present a well-written 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 guarantee 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, the bank may ask you to 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 meeting with the 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 passionate about supporting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is 504 Loans.

More Business Loan Info for Nebraska
Get a Business Loan in Omaha
Get a Business Loan in Papillion

Browse All Business Loan Sources for Nebraska