Small Business Lenders in Williamsburg, Kentucky

Local Williamsburg Business Loan Sources

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

Lenders for Williamsburg Businesses

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

Business Loan Advice for Williamsburg Businesses

Prior to contacting 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 introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

A well-defined business plan is is critically important. If the financing is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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, you will likely be asked 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 the banks in our list participate in the financial assistance programs available through the SBA. 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 new to our Gaebler.com site, you should know that we are deeply committed to helping entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read 504 Loans.