If you are planning on applying for a small business loan and your business is based in St. Joseph, Missouri, we've put together a list of local small business banks that you should contact.
Local St. Joseph Business Loan Sources
To help you learn more about local small business lenders, here's our list of small business banks in St. Joseph.
Business Loan Providers for St. Joseph Businesses
This is a list of banks outside of St. Joseph, Missouri that have provided SBA loans to St. Joseph businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Midwest
Saint Joseph, MO |
2 |
Bank Northwest
Hamilton, MO |
1 |
Bank Of Weston
Weston, MO |
1 |
Capital One
Mclean, VA |
1 |
Central Bank - Lake - Ozarks
Osage Beach, MO |
1 |
Columbian Bank & Trust
Overland Park, KS |
1 |
Commerce Bank
Kansas City, MO |
9 |
Commerce Bank
Saint Joseph, MO |
2 |
Farmers St. Bank - Northern Miss
Saint Joseph, MO |
1 |
First Bank Of Missouri
Gladstone, MO |
2 |
M&i Marshall & Ilsley Bank
Saint Joseph, MO |
1 |
Merrill Lynch Bank Usa
Salt Lake City, UT |
1 |
Pony Express Community Bank
Saint Joseph, MO |
1 |
Stearns Bank
Saint Cloud, MN |
1 |
The Nodaway Valley Bank
Maryville, MO |
1 |
U.S. Bank National Association
Cincinnati, OH |
4 |
U.S. Bank National Association
San Diego, CA |
3 |
Umb Bank
Kansas City, MO |
1 |
Business Loan Advice for St. Joseph Businesses
Prior to contacting banks 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.
A well-defined business plan is an important prerequisite. If the financing is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 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 are SBA lenders. 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
Take the time to learn as much as you can about Raising
Money. To get started, we suggest you read
504 Loans.
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