Hyannis, Nebraska Small Business Loans

Local Hyannis Lenders

Without further adieu, here's our list of small business banks in Hyannis.

Lenders for Hyannis Businesses

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

Hyannis Bank Loan Tips

Prior to meeting with banks to get 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 your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the financing 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, 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 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 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 aiding entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Business Credit Evaluation.