Business Loan Waterloo, Iowa

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

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

Local Waterloo Business Lenders

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

Small Business Bank	Recent SBA Loans
Bankiowa	8
Community National Bank	25
Event Money
Farmers State Bank	3
John Deere Community Credit Union
Lincoln Savings Bank	5
Midwestone Bank	2
Regions Bank	1
U S Bank - Branch Offices- Waterloo- Kimball Avenue Office
U S Bank - Branch Offices- Waterloo- Waterloo Office
U S Bank - Subsidiaries & Divisions- Investments
Union Planters Bank NA - Cedar Falls
Union Planters Bank NA - Waterloo
Veridian Cu	6
Wells Fargo Bank	1
Wells Fargo Home Mortgage

Lenders for Waterloo Businesses

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

Small Business Bank	Recent SBA Loans
Bank Of America Charlotte, NC	1
Bankiowa Cedar Falls, IA	1
Bankiowa Cedar Rapids, IA	3
Capital One Mclean, VA	5
Cedar Rapids Bank & Trust Cedar Rapids, IA	4
Community So. Bank D.b.a Commun Knoxville, TN	1
Farmers State Bank Jesup, IA	1
First Citizens National Bank Mason City, IA	1
First National Bank Cedar Falls, IA	3
First Security State Bank Evansdale, IA	2
Iowa State Bank Clarksville, IA	1
Lincoln Savings Bank Cedar Falls, IA	3
Midwestone Bank Hudson, IA	1
Midwestone Bank Oskaloosa, IA	2
U.S. Bank National Association Cincinnati, OH	1
Waukon State Bank Waukon, IA	1
Wells Fargo Bank San Jose, CA	5
Wells Fargo Bank Sioux Falls, SD	1

Tips for Getting a Business Loan in Waterloo

Before reaching out to lenders to discuss getting a bank 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the lender.

A well-defined business plan is is critically important. If the loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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, 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 participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, 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 passionate about aiding small business owners, and we have a lot of useful articles about to Raising Money. If raising money is on your to-do list, we recommend you read Angel Investors.

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