Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Calvert City, Kentucky Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Calvert City, Kentucky who are interested in getting debt financing.

Local Calvert City Lending Resources

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

Small Business Bank Recent SBA Loans
Heritage Bank  
Union Planters Bank - Calvert City Office  

Other Lending Resources for Calvert City Businesses

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

Small Business Bank Recent SBA Loans
Regions Bank
Memphis, TN
1

Calvert City Business Loan Advice

As a prerequisite to meeting with lenders 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 plan to pay the money back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the loan 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, you will likely be asked 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. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Angel Investors.

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