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

Edmonton, Kentucky Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Edmonton, Kentucky! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Edmonton, Kentucky, we've assembled a list of local small business banks that you should contact.

Local Edmonton Business Loan Sources

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

Small Business Bank Recent SBA Loans
Edmonton State Bank  
South Central Bank F S B  

SBA Lenders for Edmonton Businesses

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

Small Business Bank Recent SBA Loans
Pbi Bank
Louisville, KY
1
Pbi Bank
Munfordville, KY
1
South Cent. Bank - Barren County
Glasgow, KY
1

Edmonton Bank Loan Tips

Before contacting 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 to guarantee the loan with 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 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

Our Gaebler.com site is passionate about aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is 504 Loans.

Business Loan Sources for Other Cities in Kentucky
Get a Business Loan in Edgewood
Get a Business Loan in Elizabethtown

Browse All Business Loan Sources for Kentucky