If you are planning on applying for a small business loan and your business is based in Nevada, Iowa, we've assembled a list of local small business banks that you should contact.
Local Nevada Lending Resources
To help you learn more about local small business lenders, here's our list of small business banks in Nevada.
Small Business Bank |
Recent SBA Loans |
Community Bank |
4 |
First Federal Savings Bank |
|
River Valley Credit Union |
|
State Bank & Trust Co. |
3 |
U S Bank - Branch Offices- Nevada- Nevada Office |
|
Lenders for Nevada Businesses
This is a list of banks outside of Nevada, Iowa that have provided SBA loans to Nevada businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Nevada Businesses
As a prerequisite to reaching out to 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.
Being able to present a well-written business plan is an important prerequisite. If the capital is to for a going concern, 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 these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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
If you are serious about Raising
Money, you need to learn as much as you can. If you haven't read it
already, we recommend you review
Getting a Small Business Loan.
More Business Lender Lists for Iowa Cities
Get a Business Loan in Muscatine
Get a Business Loan in Newton
Browse All Business Loan Sources for Iowa