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

York, Nebraska Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in York, Nebraska who are interested in getting a small business loan.

Local York Business Loan Sources

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

Small Business Bank Recent SBA Loans
Cornerstone Bank 3
Midwest Bank N A  
Union Bank & Trust Company  
York St. Bank & Trust 3
York State Bank & Trust Company - Gresham Branch  
York State Bank and Trust Company  

Other Lending Resources for York Businesses

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

Small Business Bank Recent SBA Loans
Pinnacle Bank
Osceola, NE
1
Pinnacle Bank
Shelby, NE
1

York Business Loan Advice

Prior to reaching out to banks for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is is critically important. If the bank 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 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 pledge 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. Before you sit down to talk with a small business 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.

Gaebler.com Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

More Business Loan Info for Nebraska
Get a Business Loan in Wayne

Browse All Business Loan Sources for Nebraska