We wrote this article for entrepreneurs in Hanson, Kentucky who are interested in getting a bank loan.
Local Hanson Lenders
Without further adieu, here's our list of small business banks in Hanson.
Small Business Bank |
Recent SBA Loans |
U S Bank - Branch Offices- Hanson- Hanson Office |
|
Lenders for Hanson Businesses
This is a list of banks outside of Hanson, Kentucky that have provided SBA loans to Hanson businesses. Some of these may be national banks with local branch locations.
Tips for Getting a Business Loan in Hanson
As a prerequisite 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 explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the bank.
A well-defined business plan is is critically important. If the money is to for an existing 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 cash flow from the business does not meet your projections.
If the business has few assets, you will likely be asked to to guarantee the loan 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
Make it a priority to learn as much as you can about Raising
Money. For starters, we recommend you read
504 Loans.
More Business Lender Lists for Kentucky Cities
Get a Business Loan in Glasgow
Get a Business Loan in Harrodsburg
Browse All Business Loan Sources for Kentucky