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

Parkville, Missouri Small Business Loans

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Parkville, Missouri, we've assembled a list of local small business banks that you should contact.

Local Parkville Business Lenders

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

Small Business Bank Recent SBA Loans
Patriots Bank 4
Platte Valley Bank Of Missouri 8

Business Loan Providers for Parkville Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
Chicago, IL
1
Bank Of America
Charlotte, NC
4
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
2
Commerce Bank
Kansas City, MO
1
Exch National Bank - Jefferson City
Jefferson City, MO
1
M&i Marshall & Ilsley Bank
Leawood, KS
3
Platte Valley Bank Of Missouri
Platte City, MO
3
Premier Bank
Kansas City, MO
1
Premier Financial Serv-tx
Kansas City, MO
1
Summit Bank Of Kansas City
Lee's Summit, MO
1
U.S. Bank National Association
Cincinnati, OH
4
Umb Bank
Kansas City, MO
1

Parkville Bank Loan Tips

As a prerequisite to contacting lenders for a 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 intend to to pay the loan back to the lender.

A well-defined business plan is essential. If the financing is to for an existing 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review SBIR Funding.

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