Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Boonville, Missouri Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Boonville, Missouri small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are planning on applying for a small business loan and your business is based in Boonville, Missouri, we've assembled a list of local small business banks that you should contact.

Local Boonville Lending Resources

Without further adieu, here's our list of small business banks in Boonville.

Small Business Bank Recent SBA Loans
Alliant Bank  
Bank Of America  
Boone Cnty National Bank - Columbia 1
Boone County National Bank  
Citizens Bank & Trust 1
Citizens Community Bank  
Umb Bank 2

SBA Lenders for Boonville Businesses

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

Small Business Bank Recent SBA Loans
Alliant Bank
Kirksville, MO
3
Boone Cnty National Bank - Columbia
Columbia, MO
3
Capital One
Mclean, VA
1
Citizens Community Bank
Pilot Grove, MO
1
Exchange Bank Of Missouri
New Franklin, MO
1
Jefferson Bank Of Missouri
Jefferson City, MO
1
Umb Bank
Kansas City, MO
3

Boonville Bank Loan Tips

As a prerequisite to meeting with banks to get 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the financing 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 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 these banks are SBA lenders. 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.

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