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March 28, 2024  
 
 
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Small Business Lenders in Tompkinsville, Kentucky

 
Loan Census SBA Loan Info

Looking for a Tompkinsville, Kentucky 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.

If you are looking for a small business loan and your business is based in Tompkinsville, Kentucky, we've put together a list of local small business banks that you should contact.

Local Tompkinsville Banks

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

Small Business Bank Recent SBA Loans
Edmonton State Bank 1
Firstar Home Mortgage  
South Cent. Bank - Monroe Cnty 2
South Central Bank of Monroe County  
The Deposit Bank of Monroe  
U S Bank - Branch Offices- Tompkinsville- Tompkinsville Office  

Banks that Lend to Tompkinsville Businesses

This is a list of banks outside of Tompkinsville, Kentucky that have provided SBA loans to Tompkinsville 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
U.S. Bank National Association
Cincinnati, OH
4

Business Loan Advice for Tompkinsville Businesses

Before reaching out to 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 essential. If the bank loan 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 to guarantee the loan 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 are SBA lenders. Before meeting with the banker, you may want to do your homework 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.

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