Small Business Lenders in Pierce City, Missouri

Local Pierce City Banks

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

Lenders for Pierce City Businesses

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

Business Loan Advice for Pierce City Businesses

Before reaching out to 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 your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the loan is to for a going concern, 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 are SBA lenders. Prior to visiting local banks, 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

Gaebler.com is a site that is passionate about supporting small business owners, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, we recommend you read Business Line of Credit.