Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Villa Hills, Kentucky Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Villa Hills, Kentucky who are interested in getting a small business loan.

Banks that Lend to Villa Hills Businesses

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

Small Business Bank Recent SBA Loans
Fifth Third Bank
Cincinnati, OH
1
Fifth Third Bank
Grand Rapids, MI
1
The Huntington National Bank
Canton, OH
1
The Huntington National Bank
Columbus, OH
1
U.S. Bank National Association
Cincinnati, OH
1
Wells Fargo Bank
Minneapolis, MN
1

Villa Hills Business Loan Advice

As a prerequisite to reaching out to banks to discuss getting 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the money 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 secure 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, the bank may ask you to to secure the business 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 are SBA lenders. Prior to visiting local banks, 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

Make the effort and learn as much as you can about Raising Money. To get the ball rolling, we recommend you read How to Raise Money.

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