Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Business Loan Agra, Kansas

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Agra, Kansas who are interested in getting a bank loan.

Local Agra Lenders

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

Small Business Bank Recent SBA Loans
The Farmers National Bank 1

Tips for Getting a Business Loan in Agra

As a prerequisite to reaching out to lenders for a loan, you will need to develop the specifics of your loan request.

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 how you plan to pay the loan back to the lender.

Having a business plan is is critically important. If the capital is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge your personal assets, such as your individual retirement account or pension plan. 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Choosing VC Firms.

More Business Loan Info for Kansas
Get a Business Loan in Abilene
Get a Business Loan in Andover

Browse All Business Loan Sources for Kansas