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November 21, 2024  
 
 
  Business Loan Information  
 

Business Loan Sioux City, Iowa

 
Loan Census SBA Loan Info

Getting a business loan in Sioux City, Iowa seems challenging at first, but we're here to help you get started.

We wrote this article for small business owners in Sioux City, Iowa who are interested in getting a small business loan.

Local Sioux City Banks

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

Small Business Bank Recent SBA Loans
Bank Of America  
Central Bank 4
Commercial Federal Bank  
Destiny Mortgage  
First American Bank 10
First Federal Bank  
First National Bank 4
First Security Bank  
Frontier Bank  
Heritage Bank 1
Iowa-nebraska State Bank 1
Liberty Financial Services  
Liberty National Bank 10
Morningside Bank & Trust  
National Bank Examiners  
Nationsbank - Banking Center  
Pinnacle Bank Sioux City 2
Pioneer Bank 18
Security First Bank  
Security National Bank - Sioux City 8
U S Bank - Branch Offices- Sioux City- Sioux City Main Office  
U S Bank - Branch Offices- Sioux City- Sioux City Morningside Office  
US Bank - Branch Offices- Sioux City- Sioux City Hamilton Office  
US Bank Home Mortgage  
Vantus Bank 40
Wells Fargo Bank 2
Wells Fargo Private Client Services - Investment Management & Trust  
Wells Fargo Private Client Services - Private Banking  

Lenders for Sioux City Businesses

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

Small Business Bank Recent SBA Loans
1st National Bank - Akron
Akron, IA
1
Amer Bank
Le Mars, IA
3
American National Bank
Holstein, IA
1
Bank Of America
Charlotte, NC
2
Capital One
Mclean, VA
5
Central Bank
Storm Lake, IA
1
Citicapital Small Business Finance
Irving, TX
1
Cortrust Bank
Mitchell, SD
1
Dakota County State Bank
South Sioux City, NE
3
First National Bank
Le Mars, IA
1
First National Bank
Sioux Center, IA
1
First National Bank Of Omaha
Omaha, NE
1
First Premier Bank
Sioux Falls, SD
1
Iowa-nebraska State Bank
South Sioux City, NE
2
Minnwest Bank Sioux Falls
Sioux Falls, SD
1
Peoples Bank
Rock Valley, IA
3
Pioneer Bank
Sergeant Bluff, IA
9
Primebank
Le Mars, IA
1
Primebank
Sioux Center, IA
1
Temecula Valley Bank
Temecula, CA
2
U.S. Bank National Association
Cincinnati, OH
7
United Bank Of Iowa
Ida Grove, IA
1
Wells Fargo Bank
Minneapolis, MN
2
Wells Fargo Bank
San Jose, CA
2
Wells Fargo Bank
Sioux Falls, SD
2

Tips for Getting a Business Loan in Sioux City

Before meeting with lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

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 lender.

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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. Before you sit down to talk with a small business banker, 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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