Small Business Lenders in Paducah, Kentucky

Raising money in Paducah, Kentucky? If so, you'll want to talk to some of these small business lenders in Paducah.

If you are looking for a small business loan and your business is based in Paducah, Kentucky, we've put together a list of local small business banks that you should contact.

Local Paducah Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Paducah.

Small Business Bank	Recent SBA Loans
Banterra Bank
BB & T - Branches- Ledbetter
BB & T - Branches- Paducah-Main
Branch Bank & Trust	2
Cornerstone Mortgage
First National Bank - Branch Offices- Lone Oak Office
First National Bank - Branch Offices- Paducah Office
Fnb Bank, Inc.	1
Independence Bank
Paducah Bank & Trust	122
Republic Savings Bank
South Pointe Bank Loan Production Office
U S Bank
Union Planters Bank

Lenders for Paducah Businesses

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

Small Business Bank	Recent SBA Loans
Amer Express Centurion Bk Salt Lake City, UT	1
Branch Bank & Trust Atlanta, GA	1
Business Loan Center, LLC Richmond, VA	1
Capital One Mclean, VA	3
Community So. Bank D.b.a Commun Parsons, TN	1
First Chatham Bank Savannah, GA	1
First Western Sblc, Inc Dallas, TX	1
Fnb Bank, Inc. Mayfield, KY	8
Midcountry Bank Marion, IL	2
Redstone Fcu Huntsville, AL	1
Regions Bank Memphis, TN	3
Temecula Valley Bank Temecula, CA	1
U.S. Bank National Association Cincinnati, OH	3
Wells Fargo Bank Sioux Falls, SD	1

Business Loan Advice for Paducah Businesses

Before reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.

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

Being able to present a well-written 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 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 to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

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