This article is written specifically for entrepreneurs in Marshfield, Missouri who are interested in getting a bank loan.
Local Marshfield Banks
To assist you in finding a small business banker, here's our list of small business banks in Marshfield.
Small Business Bank |
Recent SBA Loans |
Bank of America |
|
Citizens State Bank |
|
Empire Bank |
|
First Home Savings Bank |
|
Liberty Bank |
|
Metropolitan National Bank |
|
Southern Missouri Bank - Marshfi |
37 |
Banks that Lend to Marshfield Businesses
This is a list of banks outside of Marshfield, Missouri that have provided SBA loans to Marshfield businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Of America
Charlotte, NC |
1 |
Central Bank
Lebanon, MO |
1 |
Empire Bank
Springfield, MO |
4 |
First Home Savings Bank
Mountain Grove, MO |
3 |
First Western Sblc, Inc
Dallas, TX |
1 |
Liberty Bank
Springfield, MO |
5 |
The Seymour Bank
Seymour, MO |
6 |
Umb Bank
Kansas City, MO |
1 |
Village Bank
Springfield, MO |
1 |
Tips for Getting a Business Loan in Marshfield
Before contacting banks for a 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, 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 loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.
If the business has few assets, you will likely be asked to pledge 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 participate in the financial assistance programs available through the SBA. 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
Make it a priority to learn as much as you can about Raising
Money. To get the ball rolling, we recommend you read
Business Credit Evaluation.
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