Ashland, Nebraska Business Loan

Local Ashland Lending Resources

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

Banks that Lend to Ashland Businesses

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

Ashland Business Loan Advice

Before meeting with banks to discuss getting a bank 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 plan to pay the loan back to the bank.

A well-defined business plan is is critically important. If the loan is to for a company that is already doing 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to pledge your personal assets, such as the equity in your home. 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 are SBA lenders. 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

Gaebler.com is a site that is deeply committed to helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we recommend you read Borrowing Money from Friends and Family.