Belleville, Kansas Business Loan

Local Belleville Business Loan Sources

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

Banks that Lend to Belleville Businesses

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

Belleville Business Loan Advice

Prior to contacting lenders to discuss getting a bank 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.

Being able to present a well-written business plan is an important prerequisite. If the money 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 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 your individual retirement account or pension plan. 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. Before meeting with the banker, you may want to get up to speed 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 passionate about 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 Business Incubators.