This article is written specifically for small business proprietors in Atlantic, Iowa who are interested in getting debt financing.
Local Atlantic Lenders
Without further adieu, here's our list of small business banks in Atlantic.
Small Business Bank |
Recent SBA Loans |
Atlantic State Bank |
|
First Whitney Bank & Trust - Bookeeping |
|
First Whitney Bank and Trust - Drive-Up Bank |
|
First Whitney Bank and Trust - Main Bank |
|
Rolling Hills Bank & Trust |
10 |
Security First Bank |
|
Tierone Bank |
|
Wells Fargo Bank Iowa NA |
|
Wells Fargo Bank NA - Commercial & Agriculture Department |
|
Wells Fargo Bank NA - Customer Service |
|
Wells Fargo Home Mortgage |
|
Lenders for Atlantic Businesses
This is a list of banks outside of Atlantic, Iowa that have provided SBA loans to Atlantic businesses. Some of these may be national banks with local branch locations.
Tips for Getting a Business Loan in Atlantic
Prior to contacting banks to discuss getting a bank loan, you will need to have a specific plan.
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 intend to to pay the money back to the bank.
Having a business plan is is critically important. If the capital 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 secure the business with 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 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 new to our Gaebler.com site, you should know that we are devoted to supporting small business owners, and we have a
lot of information pertaining to to Raising
Money. For example, we recommend you read Business Incubators.
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