Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Marshalltown, Iowa Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Marshalltown, Iowa, we've assembled a list of local small business banks that you should contact.

Local Marshalltown Lenders

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

Small Business Bank Recent SBA Loans
Citizen Savings Bank  
Commercial Federal Bank  
F & M Bank  
F&m Bank-iowa 14
Farmers Savings Bank 5
Home Federal Savings Bank 1
Pinnacle Bank 6
TSB Bank  
U S Bank - Branch Offices- Marshalltown- Marshalltown Office- Branch Offices Marshalltown- Ne  
United Bank & Tr 6
US Bank - Branch Offices Marshalltown- Marshalltown Mall Office  
Wells Fargo Bank NA  

Banks that Lend to Marshalltown Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
1
Charter Bank
Johnston, IA
1
Fidelity Information Services
West Des Moines, IA
1
First American Bank
Fort Dodge, IA
2
First State Bank, Conrad, Iowa
Conrad, IA
1
Home Federal Savings Bank
Rochester, MN
2
U.S. Bank National Association
Cincinnati, OH
1
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
4

Marshalltown Bank Loan Tips

As a prerequisite to contacting banks to discuss getting a bank loan, you will need to have a specific plan.

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

A well-defined business plan is essential. If the capital 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 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, you will likely be asked to secure the business with your personal assets, such as the equity in your home. 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. Prior to visiting local banks, 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 recommend you read Borrowing Money from Friends and Family.

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