Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Weston, Missouri Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Weston, Missouri who are interested in getting a small business loan.

Local Weston Banks

Without further adieu, here's our list of small business banks in Weston.

Small Business Bank Recent SBA Loans
Bank Of Weston 4

Other Lending Resources for Weston Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Country Club Bank
Shawnee Mission, KS
2
U.S. Bank National Association
Cincinnati, OH
1

Weston Business Loan Advice

Prior to reaching out to banks 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 introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 pledge 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is dedicated to helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Attracting Investors.

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