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

Falmouth, Kentucky Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Falmouth, Kentucky who are interested in getting debt financing.

Local Falmouth Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Falmouth.

Small Business Bank Recent SBA Loans
Farmers National Bank - Falmouth  
Fifth Third Bank - Northern Kentucky Banking Centers- Falmouth Banking Ce  
Pendleton Savings Bank  
United KY Bank of Pendleton CTY Inc  

SBA Lenders for Falmouth Businesses

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

Small Business Bank Recent SBA Loans
Farmers National Bank
Walton, KY
1
Fifth Third Bank
Cincinnati, OH
1
Fifth Third Bank
Florence, KY
2
Integra Bank
Evansville, IN
1
U.S. Bank National Association
Cincinnati, OH
1

Falmouth Business Loan Advice

Before 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, describe what the money will finance, and show your ability to pay the loan back to the lender.

Being able to present a well-written business plan is is critically important. If the money 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 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 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 you sit down to talk with a small business 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

If you are new to our Gaebler.com site, you should know that we are devoted to assisting entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Kentucky
Get a Business Loan in Fairdale
Get a Business Loan in Flatwoods

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