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March 29, 2024  
 
 
  Business Loan Information  
 

St. George, Kansas Business Loan

 
Loan Census SBA Loan Info

Raising money in St. George, Kansas? If so, you'll want to talk to some of these small business lenders in St. George.

These materials were prepared for entrepreneurs in St. George, Kansas who are interested in getting a bank loan.

Lenders for St. George Businesses

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

Small Business Bank Recent SBA Loans
Central National Bank
Junction City, KS
1
Community First National Bank
Manhattan, KS
1
First Commerce Bank
Marysville, KS
1
Kansas State Bank Of Manhattan
Manhattan, KS
1

St. George Business Loan Advice

Before contacting lenders 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 how you plan 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 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 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review How Equity Dilution Works.

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