Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Wellington, Kansas

 
Loan Census SBA Loan Info

I need a loan for my business in Wellington, Kansas! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Wellington, Kansas, we've assembled a list of local small business banks that you should contact.

Local Wellington Lending Resources

Without further adieu, here's our list of small business banks in Wellington.

Small Business Bank Recent SBA Loans
Bank - Comm. & Trust 1
Bank of Commerce & Trust CO  
Cornerbank  
First National Bank In Wellington 6
First National Bank of Wellington  
Gateway Mortgage Group  
Security State Bank - Drive Up Bank  
Security State Bank - Main Bank  

Other Lending Resources for Wellington Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Farmers & Merchants State Bank
Argonia, KS
2
Home Bank & Trust Company
Eureka, KS
1

Business Loan Advice for Wellington Businesses

Before contacting 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the capital is to for a going concern, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with 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 participate in the financial assistance programs available through the SBA. Before meeting with the 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read How to Raise Money.

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