If you are hoping to get a small business loan and your business is based in Lakeside Park, Kentucky, we've put together a list of local small business banks that you should contact.
Local Lakeside Park Business Loan Sources
Without further adieu, here's our list of small business banks in Lakeside Park.
Small Business Bank |
Recent SBA Loans |
Victory Community Bank |
|
Business Loan Providers for Lakeside Park Businesses
This is a list of banks outside of Lakeside Park, Kentucky that have provided SBA loans to Lakeside Park businesses. Some of these may be national banks with local branch locations.
Lakeside Park Bank Loan Tips
Prior to contacting banks for a 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, describe what the money will finance, and show how you plan to pay the money back to the bank.
Having a business plan is an important prerequisite. If the loan 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 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 these banks participate in the financial assistance programs available through the SBA. 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. For starters, we recommend you read
504 Loans.
More Business Loan Info for Kentucky
Get a Business Loan in La Grange
Get a Business Loan in Lawrenceburg
Browse All Business Loan Sources for Kentucky