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December 23, 2024  
 
 
  Business Loan Information  
 

Business Loan Flemingsburg, Kentucky

 
Loan Census SBA Loan Info

Small business loans in Flemingsburg, Kentucky are available. You just need to talk to the right bank.

These materials were prepared for entrepreneurs in Flemingsburg, Kentucky who are interested in getting a small business loan.

Local Flemingsburg Business Loan Sources

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

Small Business Bank Recent SBA Loans
ATM Services  
Community Trust Bank - By-Pass Office  
Community Trust Bank - Downtown Office  
Community Trust Bank - South Ridge Office  
Community Trust Bank, Inc. 1
Peoples Bank - Branch Office  
Peoples Bank - Hillsboro OFC  
Peoples Bank - Morehead Road  
U S Bank  

Banks that Lend to Flemingsburg Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2

Tips for Getting a Business Loan in Flemingsburg

Prior to meeting with banks for a 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 bank.

A well-defined business plan is essential. 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 you cannot repay the loan.

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 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 are SBA lenders. 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read 504 Loans.

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