SBA and Bank Loans

GUIDE: LOANS, GRANTS AND EQUITY FUNDING > PART SIX

SBA and Bank Loans

Once you’ve determined that an SBA loan or traditional bank loan is the right kind of financing for your business, you’ll need to package your financial information in a way that makes it easy for a banker to make a favorable decision. At the most basic level, you will need to provide:

  • Basic information about your business
  • Basic information about the loan you are requesting
  • Financial information about your business

We highly recommend that you work with one of our KCSourceLink network Resource Partners who are skilled in helping business owners prepare themselves to approach funding sources.

In Kansas City:
Small Business Development Center at UMKC
Phone: (816) 235-6063
Email: [email protected]

In Johnson County:
Small Business Development Center at JCCC
Phone: (913) 469-3878
Email: [email protected]

Your counselor can help you pull together the following financial information:

  • Personal financial statement
  • Statement of personal history
  • Sources and uses spreadsheet
  • Three-year projections of income and expenses

Established businesses will need to provide three years of profit and loss statements. If you are a startup, you will need a short business plan summary.

Many banks work with the SBA to provide small business loans.

GUIDE: LOANS, GRANTS AND EQUITY FUNDING

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