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

Small Business Lenders in Tipton, Missouri

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Tipton, Missouri, we've put together a list of local small business banks that you should contact.

Local Tipton Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Tipton.

Small Business Bank Recent SBA Loans
Commerce Bank  
Exchange Bank  

Business Loan Providers for Tipton Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
Commerce Bank
Kansas City, MO
2
Exch National Bank - Jefferson City
Jefferson City, MO
1
The Central Trust Bank
Jefferson City, MO
1

Business Loan Advice for Tipton Businesses

Before meeting with lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the lender.

A well-defined business plan is essential. 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 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, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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. 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

Our Gaebler.com site is devoted to helping small business owners, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read How Much Venture Capital Is There?.

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