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March 28, 2024  
 
 
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Business Loan Paris, Missouri

 
Loan Census SBA Loan Info

Looking for a Paris, Missouri 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.

This article is written specifically for entrepreneurs in Paris, Missouri who are interested in getting a bank loan.

Local Paris Banks

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

Small Business Bank Recent SBA Loans
The Paris National Bank 1
Umb Bank 1

Lenders for Paris Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Pnc Bank, National Association
Philadelphia, PA
1

Tips for Getting a Business Loan in Paris

As a prerequisite to reaching out to 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, define how the money will be used, and show how you plan to pay the loan back to the lender.

A well-defined business plan is essential. If the loan 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, you will likely be asked to pledge your personal assets, such as the equity in your home. 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. Before meeting with the banker, 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

Our Gaebler.com site is deeply committed to assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read Only Idiots Send Venture Capitalists Business Plans.

Business Loan Sources for Other Cities in Missouri
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