Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Hallsville, Missouri Business Loan

 
Loan Census SBA Loan Info

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

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

Local Hallsville Business Lenders

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

Small Business Bank Recent SBA Loans
Boone County National Bank  

Banks that Lend to Hallsville Businesses

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

Small Business Bank Recent SBA Loans
First National Bank & Trust
Columbia, MO
1
Innovative Bank
Oakland, CA
1
U.S. Bank National Association
Cincinnati, OH
1

Hallsville Business Loan Advice

Prior to contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the money 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 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework 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 dedicated to supporting entrepreneurs, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we would suggest you read 504 Loans.

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