Once you've determined that an SBA 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
In Johnson County:
Small Business Development Center at JCCC
Your counselor can help you pull together the following financial information:
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. Click for a summary of these loan products.